Zacks: Neenah Inc (NYSE:NP) Receives Average Recommendation of “Hold” from Analysts

Shares of Neenah Inc (NYSE:NP) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus target price of $67.00 for the company and are predicting that the company will post $0.80 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 152 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Neenah from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a report on Saturday, November 9th. TheStreet raised Neenah from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th.

Shares of NP stock traded up $0.82 during trading hours on Tuesday, reaching $72.75. 3,603 shares of the stock traded hands, compared to its average volume of 89,581. The company has a quick ratio of 1.28, a current ratio of 2.42 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.21 billion, a PE ratio of 20.79 and a beta of 1.32. Neenah has a 1-year low of $56.67 and a 1-year high of $77.55. The business has a fifty day moving average price of $68.43 and a 200 day moving average price of $64.62.

Neenah (NYSE:NP) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $231.80 million during the quarter, compared to analyst estimates of $246.50 million. Neenah had a net margin of 5.46% and a return on equity of 13.35%. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was down 9.5% on a year-over-year basis. Research analysts expect that Neenah will post 3.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, November 14th. Neenah’s payout ratio is 51.43%.

In other news, Director Philip C. Moore sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $74.80, for a total value of $448,800.00. Following the completion of the sale, the director now directly owns 16,027 shares in the company, valued at $1,198,819.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Byron Jason Racki sold 500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $68.17, for a total value of $34,085.00. Following the completion of the sale, the senior vice president now owns 5,286 shares of the company’s stock, valued at $360,346.62. The disclosure for this sale can be found here. Insiders sold 7,672 shares of company stock valued at $561,221 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in Neenah by 51.4% in the 2nd quarter. Signaturefd LLC now owns 477 shares of the basic materials company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Neenah in the third quarter valued at about $33,000. Tower Research Capital LLC TRC bought a new position in Neenah in the third quarter valued at about $40,000. Advisor Group Inc. increased its position in Neenah by 12.1% in the second quarter. Advisor Group Inc. now owns 1,978 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 214 shares during the period. Finally, First Interstate Bank increased its position in Neenah by 18.5% in the second quarter. First Interstate Bank now owns 2,092 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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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