.jpg "Ingevity (NYSE: NGVT)")
Oppenheimer analyst Ian Zaffino maintained a Buy rating on Ingevity (NYSE: NGVT) today. The company’s shares opened today at $80.67, close to its 52-week high of $82.67.
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 2.0% and a 54.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and Six Flags.
Currently, the analyst consensus on Ingevity is Strong Buy and the average price target is $89.50, representing a 10.9% upside.
In a report issued on May 4, KeyBanc also maintained a Buy rating on the stock with a $90 price target.
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Based on Ingevity’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $30.8 million. In comparison, last year the company had a net profit of $19 million.
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Ingevity Corp engages in the manufacture of specialty chemicals and carbon materials. It operates through the following segments: Performance Chemicals and Performance Materials. The Performance Materials segment consists of automotive technologies and process purifications product families.
