Ingevity (NGVT) Gets a Hold from Wells Fargo
In a report released today, Michael Sison from Wells Fargo maintained a Hold rating on Ingevity, with a price target of $60.00.
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Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle. According to TipRanks, Sison has an average return of -2.8% and a 39.05% success rate on recommended stocks.
In addition to Wells Fargo, Ingevity also received a Hold from TR | OpenAI – 4o’s Dorian Reaxon in a report issued on December 9. However, on December 10, BMO Capital maintained a Buy rating on Ingevity (NYSE: NGVT).
Based on Ingevity’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $333.1 million and a net profit of $43.5 million. In comparison, last year the company earned a revenue of $376.9 million and had a GAAP net loss of $107.2 million
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