Loop Capital Markets analyst Chris Kapsch maintained a Hold rating on Ingevity (NGVT – Research Report) today and set a price target of $48.00. The company’s shares closed yesterday at $44.08.
Kapsch covers the Basic Materials sector, focusing on stocks such as Element Solutions, Albemarle, and Compass Minerals International. According to TipRanks, Kapsch has an average return of 9.0% and a 60.64% success rate on recommended stocks.
Ingevity has an analyst consensus of Hold, with a price target consensus of $54.80.
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NGVT market cap is currently $1.6B and has a P/E ratio of 12.86.
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Ingevity (NGVT) Company Description:
Ingevity Corp engages in the manufacture of specialty chemicals and carbon materials. It operates through the following segments: Performance Chemicals and Performance Materials. The Performance Materials segment consists of automotive technologies and process purifications product families. Automotive technologies produces automotive carbon products used in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. Process purifications produce a number of activated carbon products for food, water, beverage and chemical purification applications. The Performance Chemicals segment primarily addresses applications in three product families: pavement technologies, oilfield technologies, and industrial specialties. The company was founded on March 27, 2015 and is headquartered in North Charleston, SC.
