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Ingevity Corp (NYSE:NGVT) stock (market cap: $2 billion) reached a significant milestone, hitting a 52-week high at 56.1 USD. According to InvestingPro analysis, the company appears fairly valued at current levels. This marks a notable achievement for the specialty chemicals company, reflecting positive investor sentiment and strong market performance. Over the past year, Ingevity Corp has experienced a substantial 50.5% increase in its stock price, with analysts setting a high price target of $70. The company maintains a "FAIR" financial health score, underscoring its resilience in a competitive industry. The recent peak highlights investor confidence in the company’s strategic direction and its ability to deliver value amidst evolving market conditions. InvestingPro has identified 11 additional investment tips for Ingevity Corp, available to subscribers.
In other recent news, Ingevity Corporation reported its second-quarter earnings for 2025, achieving an earnings per share (EPS) of $1.39, which exceeded the forecasted $1.16. Despite this positive earnings surprise, the company’s revenue came in at $365 million, falling short of the expected $378.7 million. The market reacted positively to the earnings beat, reflecting strong operational performance. Additionally, BMO Capital raised its price target for Ingevity to $62, up from $56, while maintaining an Outperform rating. The firm cited an inflection point in Ingevity’s earnings and free cash flow as reasons for the upgrade. These developments highlight recent positive momentum for the company.
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