Ingevity Corp NGVT:NYSE

Last Price$101.42NYSE Closing Price as of 4:02PM ET 7/15/19
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change-1.76(1.71%)
Bid (Size)N/A (N/A)
Ask (Size)$106.50 (2)
Day Low / High$101.13 - 104.13
Volume157.9 K

Analyst Actions: Ingevity's Price Target Raised to $130 at Oppenheimer, Outperform Rating Reiterated

11:44AM ET 4/08/2019 MT Newswires
Ingevity Corp.'s (NGVT) price target increased to $130 from $110 at Oppenheimer, following analysts' talks with management.

Ingevity's chemicals division is enjoying "strong paving demand and a return to stability in the Permian basin," Oppenheimer said in a note to clients, with "[s]trength in oilfield production [likely to] offset any slowdown in drilling." The materials unit, meanwhile, is adopting China 6 emission standards early. The company's new absorbed natural gas vehicle "holds promise," and its integration of UK-based Capa is "on pace," the brokerage added, with Capa expected to retain shipping and raw material advantages even after a Brexit.

Oppenheimer has an outperform rating on the stock.

Price: 115.28, Change: +1.55, Percent Change: +1.36