Ingevity Corp (NASDAQ:NGVT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Boasting a price of $43.41, Ingevity Corp (NASDAQ:NGVT) traded -0.83% lower on the day. With the last stock price close up 10.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ingevity Corp has recorded a 50-day average of $44.66 and a two hundred day average of $38.84. Volume of trade was down over the average, with 176,187 shares of NGVT changing hands under the typical 415,845
Zacks Investment Research has downgraded Ingevity Corp (NASDAQ:NGVT) to Hold in a statement released on 10/05/2016.
With a total market value of $0, Ingevity Corp has price-earnings ratio of 28.74 with a one year low of $23.00 and a one year high of $48.30 .
A total of 4 brokers have issued a research note on the company. Two brokerages rating the stock a strong buy, 0 equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $40.50.
Brief Synopsis On Ingevity Corp (NASDAQ:NGVT)
Ingevity Corporation is a manufacturer of specialty chemicals, carbon materials and technologies. The Company operates through two segments: Performance Materials and Performance Chemicals. The Company's specialty chemicals products serve as inputs used in a range of high performance applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants and printing inks. It is also engaged in expanding Warm Mix Asphalt (WAM) with its Evotherm family of products. Its Performance Chemicals segment primarily addresses applications in over three product families: pavement technologies, oilfield technologies and industrial specialties. It engineers, manufactures and sells wood-based, chemically activated carbon products, produced through a technical process, primarily for use in gasoline vapor emission control systems in cars, trucks, motorcycles and boats. The Company sells its automotive carbon products to over 60 customers across the globe.
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