The stock of Ingevity Corp (NYSE:NGVT) is a huge mover today! The stock increased 8.66% or $3.52 during the last trading session, hitting $44.15. About 875,187 shares traded hands or 234.52% up from the average. Ingevity Corp (NYSE:NGVT) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 7 months positive chart setup for the $1.83 billion company. It was reported on Nov, 3 by Barchart.com. We have $61.37 PT which if reached, will make NYSE:NGVT worth $713.70M more.
Ingevity Corp (NYSE:NGVT) Ratings Coverage
Out of 4 analysts covering Ingevity (NYSE:NGVT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ingevity has been the topic of 4 analyst reports since June 1, 2016 according to StockzIntelligence Inc. The rating was initiated by Jefferies on Friday, September 23 with “Buy”. The stock of Ingevity Corp (NYSE:NGVT) earned “Buy” rating by BB&T Capital on Friday, June 10. The stock has “Neutral” rating given by Buckingham Research on Friday, September 23. Oppenheimer initiated Ingevity Corp (NYSE:NGVT) on Wednesday, June 1 with “Outperform” rating.
According to Zacks Investment Research, “Ingevity Corporation provides specialty chemicals, carbon materials and technologies. The Company’s operating segments consists of Performance Materials and Performance Chemicals. Performance Chemicals segment products consists of asphalt paving, adhesives, agrochemical dispersants, printing inks, lubricants, petroleum and other diverse industries. Performance Materials segment engineers, manufactures and sells wood-based chemically activated carbon products. Ingevity Corporation is based in North Charleston, SC.”
More news for Ingevity Corp (NYSE:NGVT) were recently published by: Marketwatch.com, which released: “Ingevity started at outperform with $33 stock price target at Oppenheimer” on May 19, 2016. Businesswire.com‘s article titled: “Ingevity Corporation Formed with Completion of Spinoff from WestRock Company” and published on May 16, 2016 is yet another important article.
NGVT Company Profile
Ingevity Corporation is a maker of specialty chemicals, carbon materials and technologies. The Firm operates through two divisions: Performance Materials and Performance Chemicals. The Companyâ€™s specialty chemicals products serve as inputs used in a range of high performance applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants and printing inks. It is also engaged in expanding Warm Mix Asphalt (WAM) with its Evotherm family of products.
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