Ingevity (NGVT) Is At $78.99 Formed Wedge; CUMULUS MEDIA (CMLSQ) Shorts Lowered By 26.75%

April 27, 2018 - By Marguerite Chambers

Ingevity Corporation (NGVT) formed wedge up with $81.36 target or 3.00% above today’s $78.99 share price. Ingevity Corporation (NGVT) has $3.33 billion valuation. The stock increased 0.13% or $0.1 during the last trading session, reaching $78.99. About 116,288 shares traded. Ingevity Corporation (NYSE:NGVT) has risen 19.53% since April 27, 2017 and is uptrending. It has outperformed by 7.98% the S&P500.

CUMULUS MEDIA INC (OTCMKTS:CMLSQ) had a decrease of 26.75% in short interest. CMLSQ’s SI was 322,000 shares in April as released by FINRA. Its down 26.75% from 439,600 shares previously. With 293,500 avg volume, 1 days are for CUMULUS MEDIA INC (OTCMKTS:CMLSQ)’s short sellers to cover CMLSQ’s short positions. The SI to CUMULUS MEDIA INC’s float is 2.24%. The stock increased 12.88% or $0.00515 during the last trading session, reaching $0.04515. About shares traded. Cumulus Media Inc. (OTCMKTS:CMLSQ) has 0.00% since April 27, 2017 and is . It has underperformed by 11.55% the S&P500.

Cumulus Media Inc. owns and operates radio stations in the United States. The company has market cap of $1.32 million. The firm operates in two divisions, Radio Station Group and Westwood One. It currently has negative earnings. It sells commercial advertising time to local, regional, and national advertisers; and network advertising.

Analysts await Ingevity Corporation (NYSE:NGVT) to report earnings on May, 2 after the close. They expect $0.61 earnings per share, up 24.49% or $0.12 from last year’s $0.49 per share. NGVT’s profit will be $25.75 million for 32.37 P/E if the $0.61 EPS becomes a reality. After $0.45 actual earnings per share reported by Ingevity Corporation for the previous quarter, Wall Street now forecasts 35.56% EPS growth.

Among 6 analysts covering Ingevity (NYSE:NGVT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Ingevity has $73 highest and $33 lowest target. $57.67’s average target is -26.99% below currents $78.99 stock price. Ingevity had 7 analyst reports since June 1, 2016 according to SRatingsIntel. The stock has “Buy” rating by Aegis Capital on Friday, April 7. The stock of Ingevity Corporation (NYSE:NGVT) earned “Buy” rating by Aegis Capital on Tuesday, November 22. The stock has “Buy” rating by Jefferies on Friday, September 23. The company was initiated on Friday, June 10 by BB&T Capital. The stock has “Buy” rating by Loop Capital on Friday, September 29. The rating was initiated by Buckingham Research with “Neutral” on Friday, September 23. Oppenheimer initiated the shares of NGVT in report on Wednesday, June 1 with “Outperform” rating.

Ingevity Corporation (NYSE:NGVT) Ratings Chart

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