Ingevity Corporation (NYSE:NGVT) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $55.74 –$61.40 in the past one-month time frame, showed a sharp increase yesterday.
The company has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past one month, while the Zacks Consensus Estimate for the current quarter has moved higher in the same time period. The recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Ingevity Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Chemical - Specialty industry is Kraton Corporation (NYSE:KRA) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NGVT going up? Or down? Predict to see what others think: Up or Down
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
Kraton Corporation (KRA): Free Stock Analysis Report
Ingevity Corporation (NGVT): Free Stock Analysis Report
Original post
Zacks Investment Research