Ingevity Corporation (NGVT) Rises 4.87% Today: Looking at Top Wall Street Opinions

As volatility creeps into Ingevity Corporation (NYSE:NGVT), investors need to pay close attention to to the factors affecting stock today as its shares are trading 4.87% or 4.18 points up from last closing price of $85.84, reaching $90.02 at last check. The NGVT share price has risen in 4 of the last 5 days and is down -6.7% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 128,847 shares, and in total 566247 shares valued at $50.974 million were seen changing hands compared with 437400 shares valued at $37.546 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the NGVT stock.

Ingevity Corporation (NGVT) shares have notched a 3-month decline of about -6.7%, but has still advanced 2.57% year to date. By comparison, the stock sank -13.57% over the past 12 months, while it jumped 3.6% over the 1 month. The company’s market cap is around $3.61B, with its short interest ratio standing at 2.6%.

In the current trading session for NGVT, the stock witnessed two major price actions, it rose to a high of $90.59 and was down as much as $85.28 at one point. The high recorded is very low when compared to their 52-week high which is $72.59. The 52-week high is now at -25.15 distance from current price. Their recent low of $120.41 represents a 24.17% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for NGVT is $117.13, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of Ingevity Corporation earned $3.99 per share in the trailing 12 months and has a P/E ratio of 22.56. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 30.68 and lower compared to the sector’s average of 23.4. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. NGVT also has P/S multiple of 3.11. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.38x.

The company recorded an interesting insider sale transaction by the CFO on Feb 27, 2019. A Securities and Exchanges Commission filings show that John C Fortson sold a total of 18,000 NGVT shares that day for a sum of around $2,060,280. Ingevity Corporation (NGVT) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 264,231 shares that were traded over a year. In the past 12 months, insiders have purchased 161,906 shares while the seller parted with 102,325 shares.

NGVT‘s last price was down -6.11% as compared to the average trading price of 50 days recorded at $95.88 while enlarging the period to 200 trading days, the average closing price was $89.55. At present, there are 42.1 million in the total number of common shares owned by the public and among those 41.7 million shares have been available to trade. The percentage of shares being held by the company management was 0.1% while institutions stake was 97%. The company has generated positive returns on equity over the last 12 months (48.2%). It managed to keep its gross profit margin at 36.7% over the past 12 months.

When assessing the full upside of the NGVT stock, there is another set of technicals that should be looked into and considered. Its 16.66% gain from moving average of $77.16 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.08 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of Ingevity Corporation — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $106.0483 on shares of Ingevity Corporation (NYSE:NGVT), which corresponds to 17.56% upside potential than its current market price of $90.02 and implies potential despite the recent advance in the price. However, their current target price has fallen from $106.0483 a month ago and is up handily from the consensus target of $99.75 a quarter ago.

In the last five years, the EPS of the company has been roughly 6.7%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 12.5%. The revenue of the company has risen at an average annualized rate of about 3 over the last five years. The company recently recorded an increase of 14.3%, but this figure is rather attractive.

Let’s briefly check the hedge fund interest towards NGVT stock. American International Group Inc. trimmed position in the company after it dumped -1.4% or 109,347 shares of its common stock. The hedge fund now owns 107,816 shares worth $9,705,596, SEC documents show. BlackRock Inc. shored up assets in the stock as 4751607 shares have been purchased, increasing its stake by 1% to 4,799,123 shares which are currently valued at $432,000,000. In addition, Barings LLC recently reported that it now owns 8,339 shares making a total of $750,677 based on the recent price. This refelects a change of 25.6% in their ownership.