Is Ingevity (NGVT) Finally Worth Your Time? What Does Berenberg Think?

July 12, 2018 - By Alfred Lee

Why Has Berenberg Given Ingevity (NGVT) a $100 Price Target

Expert analysts at Berenberg has begun coverage on shares of Ingevity (NGVT) in a report sent to investors on Thursday morning. The financial company set “Buy” rating on the stock. Berenberg’s target price per share of $100 suggests potential of 17.95 % from the stock’s last stock close price.

Ingevity Corporation (NYSE:NGVT) Ratings Coverage

Among 4 analysts covering Ingevity (NGVT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ingevity has $90.0 highest and $89 lowest target. $86.67’s average target is 2.23% above currents $84.78 stock price. Ingevity had 5 analyst reports since February 23, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 22 by SunTrust. On Friday, May 4 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Buckingham Research upgraded Ingevity Corporation (NYSE:NGVT) on Thursday, March 8 to “Buy” rating. The firm earned “Hold” rating on Tuesday, February 27 by Loop Capital. The rating was maintained by KeyBanc Capital Markets on Friday, February 23 with “Overweight”.

The stock decreased 1.18% or $1.01 during the last trading session, reaching $84.78. About 152,638 shares traded. Ingevity Corporation (NGVT) has risen 30.66% since July 12, 2017 and is uptrending. It has outperformed by 18.09% the S&P500.

Analysts await Ingevity Corporation (NYSE:NGVT) to report earnings on July, 25 after the close. They expect $0.99 EPS, up 26.92 % or $0.21 from last year’s $0.78 per share. NGVT’s profit will be $41.66 million for 21.41 P/E if the $0.99 EPS becomes a reality. After $0.79 actual EPS reported by Ingevity Corporation for the previous quarter, Wall Street now forecasts 25.32 % EPS growth.

Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company has market cap of $3.57 billion. It operates through two divisions, Performance Materials and Performance Chemicals. It has a 26.17 P/E ratio. The Performance Materials segment engineers, makes, and sells wood chemically activated carbon products used in gasoline vapor emission control systems.

Another recent and important Ingevity Corporation (NYSE:NGVT) news was published by Streetinsider.com which published an article titled: “Berenberg Starts Ingevity Corp (NGVT) at Buy” on July 12, 2018.

Ingevity Corporation (NYSE:NGVT) Ratings Chart

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