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NYSE:NGVT

Ingevity (NGVT) Stock Price, News & Analysis

Ingevity logo
$40.80 +0.05 (+0.12%)
(As of 12/20/2024 04:33 PM ET)

About Ingevity Stock (NYSE:NGVT)

Key Stats

Today's Range
$40.14
$41.45
50-Day Range
$31.59
$50.21
52-Week Range
$30.90
$56.29
Volume
991,208 shs
Average Volume
267,890 shs
Market Capitalization
$1.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$52.17
Consensus Rating
Moderate Buy

Company Overview

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for food, water, beverage, and chemical purification applications. The Performance Chemicals segment consists of road technologies and industrial specialties. This segment's products are used in pavement construction, pavement preservation, pavement reconstruction and recycling, road markings, agrochemical dispersants, paper chemicals, and other industrial uses. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. It serves automotive parts and components manufacturers through sales representatives and distributors. The company was formerly known as WestRock Company, Specialty Chemicals Business and changed its name to Ingevity Corporation in September 2015. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.

Ingevity Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

NGVT MarketRank™: 

Ingevity scored higher than 75% of companies evaluated by MarketBeat, and ranked 82nd out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ingevity has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ingevity has only been the subject of 1 research reports in the past 90 days.

  • Read more about Ingevity's stock forecast and price target.
  • Earnings Growth

    Earnings for Ingevity are expected to grow by 35.29% in the coming year, from $2.55 to $3.45 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ingevity is -2.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ingevity is -2.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Ingevity has a P/B Ratio of 2.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.95% of the float of Ingevity has been sold short.
  • Short Interest Ratio / Days to Cover

    Ingevity has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ingevity has recently decreased by 10.17%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Ingevity does not currently pay a dividend.

  • Dividend Growth

    Ingevity does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.95% of the float of Ingevity has been sold short.
  • Short Interest Ratio / Days to Cover

    Ingevity has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ingevity has recently decreased by 10.17%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Ingevity has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Ingevity this week, compared to 3 articles on an average week.
  • Search Interest

    1 people have searched for NGVT on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ingevity insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.10% of the stock of Ingevity is held by insiders.

  • Percentage Held by Institutions

    91.59% of the stock of Ingevity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ingevity's insider trading history.
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NGVT Stock News Headlines

Ingevity Expands Board with New Director Election
Ingevity elects Kevin Willis to its board of directors
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Ingevity (NGVT) Gets a Hold from Wells Fargo
See More Headlines

NGVT Stock Analysis - Frequently Asked Questions

Ingevity's stock was trading at $47.22 at the beginning of 2024. Since then, NGVT stock has decreased by 13.6% and is now trading at $40.80.
View the best growth stocks for 2024 here
.

Ingevity Co. (NYSE:NGVT) posted its quarterly earnings results on Tuesday, October, 29th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.50. The firm's revenue was down 15.5% compared to the same quarter last year.

Ingevity's top institutional investors include Wellington Management Group LLP (5.84%), State Street Corp (4.26%), Thrivent Financial for Lutherans (3.80%) and Segall Bryant & Hamill LLC (3.26%). Insiders that own company stock include Stuart Edward Jr Woodcock, Erik Spencer Ripple, Richard Allen White Jr and Phillip John Platt.
View institutional ownership trends
.

Shares of NGVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ingevity investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), Humana (HUM), AUO (AUOTY), The RMR Group (RMR) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
10/29/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
Chemicals
Previous Symbol
NASDAQ:NGVT
Employees
1,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.17
High Stock Price Target
$62.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+27.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Pretax Margin
-47.21%

Debt

Sales & Book Value

Annual Sales
$1.48 billion
Cash Flow
$6.57 per share
Book Value
$17.43 per share

Miscellaneous

Free Float
35,949,000
Market Cap
$1.48 billion
Optionable
Optionable
Beta
1.62

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This page (NYSE:NGVT) was last updated on 12/21/2024 by MarketBeat.com Staff
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