BMO Capital Raises Ingevity PT to $62, Maintains Outperform Rating

BMO Capital Raises Ingevity PT to $62, Maintains Outperform Rating

BMO Capital Markets has upgraded Ingevity Corporation (NGVT) to "Outperform" with a price target of $62, according to a recent analyst report [1]. The upgrade comes after the company reported its second quarter 2025 earnings, which saw significant profitability growth, easily surpassing street estimates [2].

Ingevity's Q2 2025 earnings call highlighted strong profitability despite a decline in revenue. The company's earnings per share (EPS) and free cash flow (FCF) growth are expected to drive the stock's performance [3]. This positive outlook is reflected in BMO's upgrade, which maintains the "Outperform" rating.

The analyst report also notes that Ingevity's strategic repositioning efforts, including the appointment of new leadership and the expansion of its product portfolio, are contributing to its improved performance [4]. Additionally, the company's focus on sustainability and innovation, as highlighted in its recent sustainability report, positions it well for long-term growth [5].

Investors should closely monitor Ingevity's earnings releases and strategic updates to gauge the company's progress and potential impact on its stock price. BMO's upgrade suggests a bullish outlook, but investors should conduct their own due diligence before making investment decisions.

References:
[1] BMO Capital Markets. "Ingevity Corporation (NGVT) Upgrade to Outperform with $62 PT." [URL](https://finviz.com/quote.ashx?t=NGVT)
[2] "Ingevity Stock Pops 21% On Q2 Profit Growth, Easily Topping Street Estimates." Investor's Business Daily. [URL](https://www.investors.com/investors-business-daily/ingevity-stock-pops-21-q2-profit-growth-easily-topping-street-estimates/)
[3] "Ingevity Corp (NGVT) Q2 2025 Earnings Call Highlights: Strong Profitability Amid Revenue Decline." GuruFocus.com. [URL](https://www.gurufocus.com/stock/NGVT)
[4] "Ingevity Highlights Significant Momentum on Actions Underway to Drive Improved Performance and Value Creation." Business Wire. [URL](https://www.businesswire.com/news/home/20250225005000/en/Ingevity-Highlights-Significant-Momentum-on-Actions-Underway-to-Drive-Improved-Performance-and-Value-Creation)
[5] "Ingevity announces 2024 sustainability report, highlights product innovation and technologies for a sustainable future." Business Wire. [URL](https://www.businesswire.com/news/home/20240707005000/en/Ingevity-announces-2024-sustainability-report-highlights-product-innovation-and-technologies-for-a-sustainable-future)