Zacks: Neenah Paper, Inc. (NP) Given $80.50 Average Target Price by Brokerages
Neenah Paper, Inc. (NYSE:NP) has been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $80.50 for the company and are forecasting that the company will post $0.92 EPS for the current quarter, according to Zacks. Zacks has also given Neenah Paper an industry rank of 211 out of 265 based on the ratings given to related companies.
Several equities research analysts have weighed in on NP shares. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.
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Neenah Paper (NP) traded up $0.15 during midday trading on Friday, reaching $88.15. The company’s stock had a trading volume of 126,201 shares, compared to its average volume of 79,410. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.56. Neenah Paper has a 12-month low of $72.35 and a 12-month high of $90.23. The company has a market capitalization of $1,480.02, a PE ratio of 20.14, a PEG ratio of 4.20 and a beta of 1.26.
Neenah Paper (NYSE:NP) last released its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The firm had revenue of $245.10 million during the quarter, compared to analysts’ expectations of $240.60 million. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts expect that Neenah Paper will post 4.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. Neenah Paper’s dividend payout ratio (DPR) is presently 32.60%.
In other news, SVP Julie Schertell sold 2,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $76.71, for a total transaction of $153,420.00. Following the completion of the transaction, the senior vice president now directly owns 3,789 shares in the company, valued at $290,654.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Larry Newton Brownlee sold 458 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $87.62, for a total transaction of $40,129.96. Following the transaction, the vice president now owns 2,370 shares of the company’s stock, valued at $207,659.40. The disclosure for this sale can be found here. Insiders have sold 6,620 shares of company stock valued at $539,745 over the last quarter. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NP. BlackRock Inc. increased its holdings in Neenah Paper by 128,954.2% in the first quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock valued at $150,292,000 after purchasing an additional 2,010,396 shares during the period. Aberdeen Asset Management PLC UK acquired a new stake in Neenah Paper in the second quarter valued at $36,785,000. Janus Henderson Group PLC acquired a new stake in Neenah Paper in the third quarter valued at $19,533,000. Granite Investment Partners LLC acquired a new stake in Neenah Paper in the second quarter valued at $12,200,000. Finally, Macquarie Group Ltd. increased its holdings in Neenah Paper by 33.8% in the second quarter. Macquarie Group Ltd. now owns 585,928 shares of the basic materials company’s stock valued at $47,021,000 after purchasing an additional 147,915 shares during the period. Institutional investors and hedge funds own 88.59% of the company’s stock.
About Neenah Paper
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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