Ingevity: Carbon Future At A Record Discount [Seeking Alpha]
Ingevity Corporation (NGVT)
Last ingevity corporation earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
ir.ingevity.com
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Source: Seeking Alpha
SummaryNGVT has been severely battered by the market and slipped close to an all-time low.That happened as investors priced in revenue growth deceleration as a direct consequence of turmoil in its end-markets.I believe an around 6.9x EV/2020 EBITDA signifies the 2020 sales contraction has already been priced in.I expect the company to return to single-digit revenue and double-digit EPS growth in 2021-2022.Ingevity Corporation (Meanwhile, the stock price slump by no means signifies the deep merits of this carbon market player are no longer relevant. With ~6.9x EV/2020 EBITDA, I believe the stock is cheap and might be worth considering by the GARP-oriented long-term investors even despite bleak 2020 prospects hamstrung by the global economic crisis. Also, consistentinsider buyingThe top lineNGVT is an established and gradually growing specialty chemicals industry player with a leading position in a few end-markets like the automotive. Its versatile and complex portfolio encompasses theP
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NGVT
News
- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at Loop Capital from $49.00 to $56.00. They now have a "hold" rating on the stock.MarketBeat
- Ingevity Corporation (NYSE:NGVT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ingevity's (NGVT) Earnings and Revenues Beat Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Ingevity Co. (NYSE: NGVT) had its price target raised by analysts at Oppenheimer Holdings Inc. from $50.00 to $58.00. They now have an "outperform" rating on the stock.MarketBeat
- Ingevity (NGVT) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
NGVT
Earnings
- 5/1/24 - Beat
NGVT
Sec Filings
- 5/7/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- NGVT's page on the SEC website