Analyst Ratings for Ingevity Corp. (NGVT)

Updated: 2017-07-28

Analysts covering Ingevity Corp. (NYSE:NGVT) have given it a consensus rating of Overweight. Last month, NGVT received an average rating of Overweight.

5 analysts declared NGVT a buy, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Several price targets were given for NGVT by the analysts covering the stock. The most optimistic analyst gave a price target of 71, implying a possible profit of 21.12 percent. The most pessimistic analyst gave a price target of 53, implying potential capital losses of -9.59 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 1.44 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -1.69 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of NGVT to grow at a rate of 120.17 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. NGVT has a PEG ratio of 0.46.

NGVT has traded between a high of 65.02 and a low of 37.32 over the past year. The current market price is above the trailing year's low by 57.07 percent, and below the high by 9.84 percent. NGVT has a price/earnings ratio of 55.35. Investors typically compare the P/E ratio to a company's peers in the industry. The NGVT value stock report compares NGVT to some of its peers using value stock charts. The stock has a market capitalization of $2.47 billion. NGVT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.