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.
Investment analysts gave a few price targets for NGVT. The most optimistic analyst gave a price target of 71, implying potential capital gains of 21.12 percent. The most pessimistic price target was 53, implying potential capital losses 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.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.69 percent.
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, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
NGVT has an estimated earnings growth rate of 120.17 percent as forecasted by analysts. Another measure frequently examined by investors is the 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. NGVT has a PEG ratio of 0.46.
NGVT has a 52-week high of 65.02 and a 52-week low of 37.32. Today's price is 57.07 percent above the 52-week low, and 9.84 percent below the 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 market cap of NGVT is $2.47 billion. NGVT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.