Ingevity (NGVT) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ingevity in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NGVT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGVT, but not buy additional shares or sell existing shares.
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3 brokerages have issued twelve-month price objectives for Ingevity's stock. Their NGVT share price forecasts range from $55.00 to $80.00. On average, they expect the company's stock price to reach $66.33 in the next year. This suggests a possible upside of 24.2% from the stock's current price.
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Ingevity's stock was trading at $70.44 at the start of the year. Since then, NGVT stock has decreased by 24.2% and is now trading at $53.41.
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Ingevity saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 672,500 shares, a drop of 20.8% from the April 30th total of 849,600 shares. Based on an average daily trading volume, of 330,400 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.9% of the company's shares are sold short.
View Ingevity's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our NGVT earnings forecast.

Ingevity Co. (NYSE:NGVT) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.26 by $0.17. The business earned $392.60 million during the quarter, compared to analyst estimates of $411.22 million. Ingevity had a trailing twelve-month return on equity of 30.82% and a net margin of 12.01%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share.

ETFs with the largest weight of Ingevity (NYSE:NGVT) stock in their portfolio include ProShares Smart Materials ETF (TINT), Putnam BioRevolution ETF (SYNB), Thrivent Small-Mid Cap ESG ETF (TSME), Putnam Sustainable Future ETF (PFUT), Pacer US Export Leaders ETF (PEXL), iShares U.S. Infrastructure ETF (IFRA), Invesco S&P MidCap Quality ETF (XMHQ) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Ingevity updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.75 billion-$1.95 billion, compared to the consensus revenue estimate of $1.92 billion.

2 employees have rated Ingevity Chief Executive Officer John Fortson on Glassdoor.com. John Fortson has an approval rating of 100% among the company's employees. This puts John Fortson in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ingevity investors own include Pfizer (PFE), AbbVie (ABBV), General Electric (GE), Verizon Communications (VZ), WestRock (WRK), Abbott Laboratories (ABT), Boeing (BA), Costco Wholesale (COST), Dominion Energy (D) and Johnson & Johnson (JNJ).

Ingevity trades on the New York Stock Exchange (NYSE) under the ticker symbol "NGVT."

Ingevity's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.05%), LSV Asset Management (4.08%), Wellington Management Group LLP (3.65%), State Street Corp (3.33%), Thrivent Financial for Lutherans (3.14%) and Victory Capital Management Inc. (2.38%). Insiders that own company stock include Erik Spencer Ripple, Phillip John Platt, Richard Allen White Jr and Stuart Edward Jr Woodcock.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NGVT stock can currently be purchased for approximately $53.41.

Ingevity (NYSE:NGVT) has a market capitalization of $1.94 billion and generates $1.67 billion in revenue each year. The company earns $211.60 million in net income (profit) each year or $5.28 on an earnings per share basis.

The company employs 2,050 workers across the globe.

Ingevity's mailing address is 4920 O`Hear Avenue Suite 400, North Charleston SC, 29406. The official website for the company is www.ingevity.com. The company can be reached via phone at (843) 740-2300, via email at daniel.gallagher@ingevity.com, or via fax at 843-740-8165.