News stories about Ingevity (NYSE:NGVT) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ingevity earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.2268760417297 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Ingevity to Boost Activated Carbon Extrusion in Covington (finance.yahoo.com)
- Ingevity (NGVT) Given a $98.00 Price Target at Loop Capital (americanbankingnews.com)
- Ingevity Corp (NGVT) Short Interest Up 74.5% in July (americanbankingnews.com)
- Ingevity to increase and upgrade activated carbon extrusion in Covington, Virginia (finance.yahoo.com)
- 5 Reasons That Make Ingevity (NGVT) a Solid Choice Now (finance.yahoo.com)
NGVT opened at $97.80 on Friday. Ingevity has a fifty-two week low of $55.07 and a fifty-two week high of $101.67. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.58 and a quick ratio of 1.48. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 2.28 and a beta of 1.30.
NGVT has been the subject of a number of recent analyst reports. TheStreet raised shares of Ingevity from a “c” rating to a “b-” rating in a report on Monday, April 30th. Oppenheimer set a $90.00 price objective on shares of Ingevity and gave the company a “buy” rating in a report on Thursday, May 3rd. KeyCorp lifted their price objective on shares of Ingevity from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, May 4th. Zacks Investment Research raised shares of Ingevity from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Thursday, May 10th. Finally, ValuEngine raised shares of Ingevity from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Ingevity has a consensus rating of “Buy” and a consensus price target of $100.33.
Ingevity Company Profile
Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells wood-based chemically activated carbon products primarily for gasoline vapor emission control systems.
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