Neenah Paper, Inc. (NP) Given $80.50 Consensus Target Price by Brokerages
Neenah Paper, Inc. (NYSE:NP) has been given a consensus 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 recommendation.
Brokerages have set a twelve-month consensus price objective of $80.50 for the company and are expecting that the company will post $0.92 EPS for the current quarter, according to Zacks. Zacks has also assigned Neenah Paper an industry rank of 212 out of 265 based on the ratings given to its competitors.
A number of research analysts have issued reports on the company. DA Davidson reissued a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th. BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
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Shares of Neenah Paper (NYSE:NP) traded up $2.32 during midday trading on Friday, hitting $87.95. The company’s stock had a trading volume of 157,100 shares, compared to its average volume of 79,275. The company has a market capitalization of $1,446.38, a PE ratio of 19.68, a PEG ratio of 4.11 and a beta of 1.26. Neenah Paper has a 12 month low of $72.35 and a 12 month high of $90.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52.
Neenah Paper (NYSE:NP) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.01. The company had revenue of $245.10 million during the quarter, compared to analysts’ expectations of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. equities analysts forecast that Neenah Paper will post 4.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 17th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. Neenah Paper’s dividend payout ratio is 32.60%.
In other Neenah Paper news, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total transaction of $233,240.00. Following the completion of the sale, the senior vice president now directly owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Larry Newton Brownlee sold 458 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $87.62, for a total value of $40,129.96. Following the sale, the vice president now directly owns 2,370 shares of the company’s stock, valued at $207,659.40. The disclosure for this sale can be found here. Insiders sold 6,620 shares of company stock valued at $539,745 over the last ninety days. 2.00% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Neenah Paper by 128,954.2% during the 1st quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock worth $150,292,000 after purchasing an additional 2,010,396 shares during the last quarter. Vanguard Group Inc. raised its holdings in Neenah Paper by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 910,945 shares of the basic materials company’s stock worth $73,103,000 after purchasing an additional 13,120 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Neenah Paper by 3.4% during the 3rd quarter. Wells Fargo & Company MN now owns 869,568 shares of the basic materials company’s stock worth $74,392,000 after purchasing an additional 28,391 shares during the last quarter. Royce & Associates LP raised its holdings in Neenah Paper by 0.9% during the 2nd quarter. Royce & Associates LP now owns 824,800 shares of the basic materials company’s stock worth $66,190,000 after purchasing an additional 6,966 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Neenah Paper by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 714,174 shares of the basic materials company’s stock worth $61,098,000 after purchasing an additional 7,164 shares during the last quarter. 89.59% of the stock is owned by hedge funds and other institutional investors.
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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