Ingevity Corporation (NGVT)
NYSE: NGVT · IEX Real-Time Price · USD
48.25
+0.38 (0.79%)
Apr 26, 2024, 10:49 AM EDT - Market open
Ingevity Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Ingevity stock have an average target of 52, with a low estimate of 43 and a high estimate of 62. The average target predicts an increase of 7.77% from the current stock price of 48.25.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ingevity stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $52 → $62 | Hold → Strong Buy | Upgrades | $52 → $62 | +28.50% | Apr 22, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $43 → $50 | Hold | Maintains | $43 → $50 | +3.63% | Feb 23, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $54 → $43 | Hold | Maintains | $54 → $43 | -10.88% | Nov 9, 2023 |
| Loop Capital | Loop Capital | Strong Buy → Hold Downgrades $62 → $53 | Strong Buy → Hold | Downgrades | $62 → $53 | +9.84% | Oct 3, 2023 |
| BMO Capital | BMO Capital | Buy → Hold Downgrades $71 → $60 | Buy → Hold | Downgrades | $71 → $60 | +24.35% | Aug 7, 2023 |
Financial Forecast
Revenue This Year
1.49B
from 1.69B
Decreased by -12.18%
Revenue Next Year
1.58B
from 1.49B
Increased by 6.46%
EPS This Year
3.68
from -0.15
EPS Next Year
5.09
from 3.68
Increased by 38.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.6B | 1.7B | 1.7B |
| Avg | 1.5B | 1.6B | 1.6B |
| Low | 1.4B | 1.5B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -5.2% | 17.7% | 8.1% |
| Avg | -12.2% | 6.5% | 2.7% |
| Low | -17.4% | -1.3% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.14 | 6.96 | 6.18 |
| Avg | 3.68 | 5.09 | 5.71 |
| Low | 3.25 | 4.21 | 5.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 89.2% | 21.5% |
| Avg | - | 38.4% | 12.1% |
| Low | - | 14.5% | 2.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.