Neenah Paper, Inc. (NP) Given $75.00 Consensus Target Price by Analysts
Shares of Neenah Paper, Inc. (NYSE:NP) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus target price of $75.00 for the company and are expecting that the company will post $0.98 EPS for the current quarter, according to Zacks. Zacks has also given Neenah Paper an industry rank of 162 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on NP shares. Zacks Investment Research upgraded Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.
In other news, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total value of $233,240.00. Following the sale, the senior vice president now owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew L. Duncan sold 1,107 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $79.00, for a total value of $87,453.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,162 shares of company stock valued at $499,615 in the last 90 days. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in Neenah Paper by 33.8% during the second quarter. Macquarie Group Ltd. now owns 585,928 shares of the basic materials company’s stock valued at $47,021,000 after buying an additional 147,915 shares during the period. HGK Asset Management Inc. purchased a new position in Neenah Paper in the second quarter valued at about $585,000. Ameriprise Financial Inc. grew its stake in Neenah Paper by 6.5% in the second quarter. Ameriprise Financial Inc. now owns 376,898 shares of the basic materials company’s stock valued at $30,246,000 after purchasing an additional 23,087 shares in the last quarter. Aberdeen Asset Management PLC UK purchased a new position in Neenah Paper in the second quarter valued at about $36,785,000. Finally, Wells Fargo & Company MN grew its stake in Neenah Paper by 5.9% in the second quarter. Wells Fargo & Company MN now owns 841,177 shares of the basic materials company’s stock valued at $67,505,000 after purchasing an additional 46,719 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors.
Neenah Paper (NYSE:NP) traded up $0.65 during midday trading on Thursday, hitting $86.60. 61,998 shares of the stock were exchanged, compared to its average volume of 58,324. The company has a market capitalization of $1,444.39, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.55 and a quick ratio of 1.42.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 17th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.71%. Neenah Paper’s dividend payout ratio is currently 33.71%.
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Neenah Paper Company Profile
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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