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Ingevity (NGVT) Up 20% in a Year: What\'s Driving the Stock?

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Update time : 2020-09-14 12:06:11

Shares of Ingevity company NGVT consume gained nearly 20% can a year. The corporation has either outpaced its industry’s arise of almost 8% can the same time frame.

Ingevity, a Zacks degree #3 (Hold) stock, has a impartial cap of almost $4 billion and medium volume of shares traded can the final three months was nearly 255.2K. The corporation has an expected long-term earnings per fraction growth evaluate of 12%, can the industry medium of 11.4%.


 

Let’s receive a emerge into the factors that are driving this producer of specialty chemicals and activated carbon materials.

What's Going can NGVT’s Favor?

Sustained earnings outperformance, upbeat outlook, strong execution and organic and inorganic initiatives consume contributed ought the growth story of Ingevity.

The corporation has an impressive earnings startle history, having outpaced the Zacks Consensus evaluate can each of the trailing four quarters. can this timeframe, the corporation delivered a sure medium earnings startle of 16.5%.

Ingevity, final month, reaffirmed its sales guidance of among $1.30 billion and $1.36 billion because 2019. It either backed its adjusted EBITDA guidance because the year can the gang of $390-$410 million.

The Zacks Consensus evaluate because earnings because Ingevity because 2019 is currently pegged can $4.79 per share, reflecting an expected year-over-year growth of 16%. earnings are either expected ought register a 21.8% growth can 2020.

Ingevity is gaining from energy can oilfield business, growth can activated carbon request and concentrate can high margin application areas. The acquisition of the Capa caprolactone care is either expected ought advance ought the growth of the company’s revenues and earnings can 2019.

The Capa caprolactone buyout and sales growth can oilfield applications boosted revenues can the company’s action Chemicals part can the first quarter. The corporation is working ought motivate margins and profitability can this unit and integrate the acquired engineered polymers produce line.

Ingevity is either benefiting from its buyout of Georgia-Pacific’s pine chemicals business. The acquisition is contributing ought strong growth can sales of oilfield technique products can the action Chemicals division.

Sustained adoption of the company’s solutions geared ought encounter the U.S. EPA Tier 3 and California LEV III emission regulations is either contributing ought the growth can the action Materials segment.

Ingevity is poised ought advantage from an expected arise can activated carbon request can the experience of the adoption of China’s new gasoline emissions standards (the China 6 national standard). The corporation is expected ought obtain strong foothold during China gradually shifts ought new standards.

Ingevity company charge and Consensus

 

Ingevity company price-consensus-chart | Ingevity company Quote

Stocks worth a Look

Better-ranked stocks worth considering can the principle materials universe embrace Materion company MTRN, flexible Solutions International Inc FSI and Innospec Inc. IOSP.

Materion has an expected earnings growth evaluate of 27.3% because the contemporary year and carries a Zacks degree #1 (Strong Buy). The company’s shares consume gained nearly 22% can the past year. You can growl on the total revolve of today’s Zacks #1 degree stocks here.

Flexible Solutions has an expected earnings growth evaluate of 342.9% because the contemporary fiscal year and carries a Zacks degree #1. Its shares consume surged nearly 144% can the past year.

Innospec has an expected earnings growth evaluate of 6.6% because the contemporary year and carries a Zacks degree #2 (Buy). Its shares consume gained almost 9% can the past year.

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