Ingevity Corp (NASDAQ:NGVT) – Equities research analysts at Oppenheimer Holdings raised their FY2017 earnings per share estimates for Ingevity Corp in a note issued to investors on Thursday. Oppenheimer Holdings analyst I. Zaffino now expects that the company will post earnings per share of $2.48 for the year, up from their previous estimate of $2.40. Oppenheimer Holdings also issued estimates for Ingevity Corp’s Q4 2017 earnings at $0.35 EPS and FY2018 earnings at $3.13 EPS.
Other equities analysts have also issued reports about the stock. KeyCorp restated a “buy” rating and issued a $75.00 price objective (up from $70.00) on shares of Ingevity Corp in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Ingevity Corp from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Wednesday, October 4th. Loop Capital started coverage on shares of Ingevity Corp in a report on Thursday, September 28th. They issued a “buy” rating and a $73.00 price objective for the company. Jefferies Group LLC set a $71.00 price objective on shares of Ingevity Corp and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub upgraded shares of Ingevity Corp from a “hold” rating to a “buy” rating in a report on Saturday. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $72.50.
ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Ingevity Corp Lifted by Analyst (NGVT)” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.com-unik.info/2017/11/06/fy2017-eps-estimates-for-ingevity-corp-lifted-by-analyst-ngvt.html.
Ingevity Corp (NGVT) opened at $75.49 on Monday. Ingevity Corp has a 1-year low of $43.77 and a 1-year high of $75.60.
Ingevity Corp (NASDAQ:NGVT) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Ingevity Corp had a net margin of 13.75% and a return on equity of 76.78%. The company had revenue of $264.10 million during the quarter, compared to analyst estimates of $260.88 million. During the same period in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in Ingevity Corp during the 2nd quarter valued at $333,000. Chilton Investment Co. LLC raised its stake in Ingevity Corp by 26.3% during the 2nd quarter. Chilton Investment Co. LLC now owns 1,066,649 shares of the company’s stock valued at $61,226,000 after buying an additional 221,932 shares during the last quarter. DSAM Partners London Ltd raised its stake in Ingevity Corp by 72.3% during the 2nd quarter. DSAM Partners London Ltd now owns 152,318 shares of the company’s stock valued at $8,743,000 after buying an additional 63,917 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Ingevity Corp by 454.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 49,555 shares of the company’s stock valued at $2,844,000 after buying an additional 40,617 shares during the last quarter. Finally, UBS Group AG raised its stake in Ingevity Corp by 18.2% during the 1st quarter. UBS Group AG now owns 7,451 shares of the company’s stock valued at $454,000 after buying an additional 1,148 shares during the last quarter.
About Ingevity Corp
Ingevity Corporation is a manufacturer of specialty chemicals and high performance carbon materials. The Company is also a manufacturer of activated carbon used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company operates through two segments: Performance Materials and Performance Chemicals.
What are top analysts saying about Ingevity Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ingevity Corp and related companies.