Ingevity Announces Asset Sale to Mainstream Pine
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ingevity ( (NGVT) ) has shared an announcement.
On September 3, 2025, Ingevity Corporation announced an Asset Purchase Agreement with Mainstream Pine Products, LLC to sell its industrial specialties product line and North Charleston crude tall oil refinery, marking a strategic shift for the company. This divestiture, expected to close by early 2026, will significantly impact Ingevity’s operations and financial results, as these assets are now classified as discontinued operations.
The most recent analyst rating on (NGVT) stock is a Hold with a $55.00 price target. To see the full list of analyst forecasts on Ingevity stock, see the NGVT Stock Forecast page.
Spark’s Take on NGVT Stock
According to Spark, TipRanks’ AI Analyst, NGVT is a Neutral.
Ingevity’s overall stock score is primarily impacted by its financial performance challenges, including declining revenue and high leverage. Technical analysis indicates bearish momentum, further weighing on the score. Despite these challenges, the earnings call provided some positive insights, such as strategic divestitures and debt reduction, which offer potential for future improvement.
To see Spark’s full report on NGVT stock, click here.
More about Ingevity
Ingevity Corporation is involved in the production of industrial specialties and operates a crude tall oil refinery in North Charleston, South Carolina. The company focuses on providing specialty chemicals and materials, excluding lignin dispersant and alternative fatty acid-based products, as well as road technologies.
Average Trading Volume: 246,439
Technical Sentiment Signal: Buy
Current Market Cap: $1.88B
For a thorough assessment of NGVT stock, go to TipRanks’ Stock Analysis page.
