Ingevity Corporation (NYSE:NGVT) Receives $67.50 Average Price Target from Analysts

Shares of Ingevity Corporation (NYSE:NGVT) have received an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.6667.

Several analysts have recently commented on NGVT shares. Zacks Research upgraded Ingevity to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ingevity in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $82.00 price target on shares of Ingevity in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of Ingevity from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, BMO Capital Markets upped their price objective on shares of Ingevity from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th.

Ingevity Stock Performance

Shares of NGVT stock opened at $71.95 on Thursday. The business’s 50 day moving average is $67.23 and its two-hundred day moving average is $59.16. Ingevity has a 12-month low of $28.49 and a 12-month high of $77.46. The company has a market capitalization of $2.59 billion, a P/E ratio of -15.47 and a beta of 1.34. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 8.39.

Ingevity (NYSE:NGVT) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.16). Ingevity had a negative net margin of 13.51% and a positive return on equity of 100.39%. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $257.27 million. During the same quarter in the previous year, the business posted $0.95 earnings per share. Ingevity’s revenue was down 3.2% on a year-over-year basis. Ingevity has set its FY 2026 guidance at 4.800-5.20 EPS. Analysts expect that Ingevity will post 4.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Ingevity

A number of hedge funds have recently made changes to their positions in NGVT. Pacer Advisors Inc. purchased a new position in shares of Ingevity in the 4th quarter worth about $9,660,000. State of Tennessee Department of Treasury increased its position in Ingevity by 25.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,881 shares of the company’s stock worth $1,236,000 after purchasing an additional 4,219 shares in the last quarter. XTX Topco Ltd raised its holdings in Ingevity by 409.3% in the fourth quarter. XTX Topco Ltd now owns 21,075 shares of the company’s stock valued at $1,247,000 after buying an additional 16,937 shares during the period. Susquehanna Portfolio Strategies LLC acquired a new position in Ingevity during the fourth quarter valued at approximately $1,112,000. Finally, Summit Securities Group LLC acquired a new position in Ingevity during the fourth quarter valued at approximately $178,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Ingevity Company Profile

Ingevity Corporation, traded as NGVT, is a specialty chemicals and performance materials company headquartered in North Charleston, South Carolina. The company operates two primary business units: Performance Chemicals and Performance Materials. The Performance Chemicals segment produces and markets specialty chemicals derived largely from wood and other natural feedstocks, including rosin acids, tall oil fatty acids and esters, as well as specialty petroleum resins. These products serve a broad range of industries, including paper, adhesives, coatings, oilfield drilling and consumer goods.

The Performance Materials segment develops and manufactures activated carbon products and composites for applications such as automotive emissions control, industrial air and water purification, and spill containment.