|Bid||98.00 x 900|
|Ask||0.00 x 800|
|Day's Range||106.47 - 111.77|
|52 Week Range||70.71 - 112.00|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||28.01|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||106.63|
Ingevity is the IBD Stock Of The Day. The specialty chemicals and materials manufacturer reported blowout earnings late Wednesday, sending shares past a buy point.
soared Thursday as the chemical giant blew past Wall Street expectations with a stellar earnings report. The stock price of Ingevity, which produces chemicals used in everything from oil production and asphalt to agriculture, shot up more than 13% to $109.74 after the North Charleston, S.C.-based company reported quarterly earnings of $1.07 a share. Ingevity's earnings for the quarter that ended in December were also more than double the 45 cents a share the chemical company reported during the same period last year.
Ingevity Corporation (NGVT) delivered earnings and revenue surprises of 37.18% and 6.19%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Ingevity Corporation (NGVT) has completed its acquisition of the Capa™ caprolactone division of Perstorp Holding AB for a cash purchase price of €578.9 million ($652.5 million). The acquisition is expected to be accretive to Ingevity’s earnings and margins in the first year. Capa is the global market leader in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO).
Ingevity Corporation (NGVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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# Ingevity Corp ### NYSE:NGVT View full report here! ## Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for NGVT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NGVT. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NGVT totaled $1.94 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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