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.
A number of analysts gave price targets for NGVT. The most optimistic price target was 71, which equates to a potential upside of 21.12 percent. The lowest price target was 53, which equates to a potential downside of -9.59 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 1.44 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -1.69 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their 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 decreased their estimates.
NGVT has an estimated earnings growth rate of 120.17 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 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.
In the trailing 52-weeks, NGVT hit 65.02 at the highest peak, while it's lowest trading point was 37.32. Currently the stock is 57.07 percent higher than its low, and 9.84 percent lower than its 52-week high. 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's next earnings release will be on 0000-00-00, which is days away.