Ingevity Corp (NASDAQ:NGVT)‘s stock had its “buy” rating reiterated by research analysts at KeyCorp in a report issued on Thursday. They presently have a $75.00 price target on the stock, up from their previous price target of $70.00. KeyCorp’s price objective suggests a potential upside of 16.10% from the company’s current price.

NGVT has been the subject of a number of other reports. Zacks Investment Research upgraded Ingevity Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded Ingevity Corp from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. Jefferies Group LLC set a $68.00 price objective on Ingevity Corp and gave the company a “buy” rating in a research note on Wednesday, July 5th. Loop Capital initiated coverage on Ingevity Corp in a research note on Thursday, September 28th. They set a “buy” rating and a $73.00 price objective for the company. Finally, Aegis reiterated a “buy” rating and set a $67.00 price objective on shares of Ingevity Corp in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Ingevity Corp presently has a consensus rating of “Buy” and a consensus price target of $69.83.

Shares of Ingevity Corp (NGVT) traded up 0.17% during midday trading on Thursday, hitting $64.60. 446,636 shares of the stock were exchanged. The firm’s 50 day moving average price is $61.37 and its 200-day moving average price is $61.37. Ingevity Corp has a 52-week low of $40.24 and a 52-week high of $66.01. The stock has a market cap of $2.72 billion and a P/E ratio of 51.60.

Ingevity Corp (NASDAQ:NGVT) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.08. The company had revenue of $260.30 million during the quarter, compared to the consensus estimate of $259.56 million. Ingevity Corp had a return on equity of 76.78% and a net margin of 13.75%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Ingevity Corp will post $2.41 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Ingevity Corp (NGVT) Given Buy Rating at KeyCorp” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/05/ingevity-corp-ngvt-given-buy-rating-at-keycorp.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of NGVT. Pacad Investment Ltd. purchased a new position in Ingevity Corp in the 2nd quarter worth approximately $183,000. Cubist Systematic Strategies LLC purchased a new position in Ingevity Corp in the 2nd quarter worth approximately $203,000. Envestnet Asset Management Inc. lifted its holdings in Ingevity Corp by 46.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,500 shares of the company’s stock worth $211,000 after purchasing an additional 1,117 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in Ingevity Corp in the 2nd quarter worth approximately $213,000. Finally, Breton Hill Capital Ltd. purchased a new position in Ingevity Corp in the 2nd quarter worth approximately $234,000.

About Ingevity Corp

Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.

Analyst Recommendations for Ingevity Corp (NASDAQ:NGVT)

Receive News & Ratings for Ingevity Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingevity Corp and related companies with MarketBeat.com's FREE daily email newsletter.