16.05 % to Target, Oppenheimer Maintains ‘Buy’ Rating on Ingevity (NGVT) Shares Today

August 24, 2017 - By test

 16.05 % to Target, Oppenheimer Maintains ‘Buy’ Rating on Ingevity (NGVT) Shares Today

Ingevity (NGVT) Rating Reaffirmed

The financial company has just set a price target of $71.0 on Ingevity (NGVT) shares. This is 16.05 % from the last price. In an analyst report issued to clients and investors on 22 August, Oppenheimer kept their Buy rating on shares of NGVT.

Ingevity Corp (NYSE:NGVT) Ratings Coverage

Among 5 analysts covering Ingevity (NGVT), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Ingevity has $7100 highest and $33 lowest target. $69.50’s average target is 13.60% above currents $61.18 stock price. Ingevity had 9 analyst reports since June 1, 2016 according to SRatingsIntel. The stock of Ingevity Corp (NYSE:NGVT) earned “Buy” rating by Jefferies on Thursday, June 15. On Tuesday, November 22 the stock rating was initiated by Aegis Capital with “Buy”. The rating was initiated by Jefferies with “Buy” on Friday, September 23. Oppenheimer initiated the shares of NGVT in report on Wednesday, June 1 with “Outperform” rating. Jefferies maintained Ingevity Corp (NYSE:NGVT) rating on Wednesday, July 19. Jefferies has “Buy” rating and $6800 target. The rating was maintained by Oppenheimer on Tuesday, August 22 with “Buy”. Buckingham Research initiated the shares of NGVT in report on Friday, September 23 with “Neutral” rating.

About 99,853 shares traded. Ingevity Corp (NGVT) has risen 127.90% since August 24, 2016 and is uptrending. It has outperformed by 111.20% the S&P500.

Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The company has market cap of $2.58 billion. The Firm is also a maker of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. It has a 47.76 P/E ratio. The Firm operates through two divisions: Performance Materials and Performance Chemicals.

More recent Ingevity Corp (NYSE:NGVT) news were published by: Bizjournals.com which released: “Georgia-Pacific to sell chemicals business for $315 million” on August 23, 2017. Also Nasdaq.com published the news titled: “Ingevity Corporation (NGVT) in Focus: Stock Moves 6.4% Higher” on August 24, 2017. Postandcourier.com‘s news article titled: “North Charleston’s Ingevity buying Georgia-Pacific chemical unit” with publication date: August 22, 2017 was also an interesting one.

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