Street Calls of the Week
Ingevity Corp stock reached a significant milestone, hitting a 52-week high of 57.98 USD, with the company now commanding a market capitalization of $2.1 billion. According to InvestingPro data, analysts see further upside potential, with price targets ranging from $52 to $70. This marks a notable achievement for the company, reflecting a strong performance over the past year. The stock has delivered an impressive 48.28% return over the past year, with a robust YTD gain of 40.86%. This upward trend suggests positive market sentiment and potentially favorable business developments for Ingevity Corp. InvestingPro analysis reveals 8 additional key insights about the company’s performance and outlook, available to subscribers.
In other recent news, Ingevity Corporation reported its second-quarter earnings for 2025, showing a notable earnings per share (EPS) of $1.39, surpassing the forecasted $1.16. Despite this positive earnings surprise, the company’s revenue fell short of expectations, totaling $365 million against a forecast of $378.7 million. The market reaction remained positive, highlighting the company’s strong operational performance. Additionally, BMO Capital raised its price target for Ingevity to $62 from $56, maintaining an Outperform rating. The firm cited an inflection point in Ingevity’s earnings and free cash flow as the basis for the upgrade. These developments reflect a period of significant activity for the company, with analysts seeing potential for future growth.
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