Shares of Neenah Inc (NYSE:NP) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price objective of $67.00 for the company and are anticipating that the company will post $0.90 EPS for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 194 out of 256 based on the ratings given to related companies.
Several brokerages have recently commented on NP. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
NP traded down $0.07 during trading on Friday, reaching $66.13. The company’s stock had a trading volume of 969 shares, compared to its average volume of 87,725. Neenah has a 52-week low of $56.67 and a 52-week high of $96.15. The firm has a fifty day moving average of $62.35. The company has a market capitalization of $1.12 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 4.32 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 1.31.
Neenah (NYSE:NP) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $262.00 million. Neenah had a return on equity of 13.71% and a net margin of 3.17%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, research analysts anticipate that Neenah will post 3.13 EPS for the current year.
In other news, VP Larry Newton Brownlee sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $62.52, for a total transaction of $312,600.00. Following the sale, the vice president now owns 17,246 shares of the company’s stock, valued at approximately $1,078,219.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC lifted its stake in Neenah by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,415 shares of the basic materials company’s stock valued at $349,000 after buying an additional 177 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Neenah by 9.5% in the 4th quarter. Flinton Capital Management LLC now owns 2,400 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 208 shares during the last quarter. Legal & General Group Plc raised its holdings in Neenah by 0.5% in the 4th quarter. Legal & General Group Plc now owns 39,675 shares of the basic materials company’s stock valued at $2,331,000 after acquiring an additional 215 shares during the last quarter. Piedmont Investment Advisors Inc. raised its holdings in Neenah by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,248 shares of the basic materials company’s stock valued at $273,000 after acquiring an additional 238 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Neenah by 1.3% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,269 shares of the basic materials company’s stock valued at $1,498,000 after acquiring an additional 300 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
Neenah Company Profile
Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.
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