Shares of Neenah Inc (NYSE:NP) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Neenah’s rating score has improved by 66.7% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $70.00 for the company and are predicting that the company will post $0.95 EPS for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 146 out of 255 based on the ratings given to its competitors.
Several research analysts have recently commented on NP shares. Zacks Investment Research lowered shares of Neenah from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th. ValuEngine upgraded shares of Neenah from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, DA Davidson upgraded shares of Neenah from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Friday, March 6th.
Shares of NP traded up $1.73 during trading hours on Wednesday, hitting $40.06. The stock had a trading volume of 103,067 shares, compared to its average volume of 109,393. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.29 and a current ratio of 2.52. The firm has a 50-day moving average price of $50.23 and a 200 day moving average price of $63.40. The firm has a market capitalization of $645.78 million, a price-to-earnings ratio of 12.33 and a beta of 1.47. Neenah has a fifty-two week low of $33.44 and a fifty-two week high of $77.55.
Neenah (NYSE:NP) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $213.60 million during the quarter, compared to analysts’ expectations of $223.00 million. Neenah had a net margin of 5.90% and a return on equity of 14.64%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, analysts predict that Neenah will post 3.71 EPS for the current fiscal year.
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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