Shares of Neenah Inc (NYSE:NP) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price target of $67.00 for the company and are expecting that the company will post $1.12 EPS for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 103 out of 256 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Neenah from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. DA Davidson dropped their target price on shares of Neenah to $77.00 and set a “positive” rating for the company in a research report on Wednesday, February 13th.
Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in shares of Neenah by 12.8% during the 4th quarter. Bank of Montreal Can now owns 1,485 shares of the basic materials company’s stock valued at $87,000 after buying an additional 168 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Neenah by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,415 shares of the basic materials company’s stock valued at $349,000 after buying an additional 177 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Neenah by 9.5% during the 4th quarter. Flinton Capital Management LLC now owns 2,400 shares of the basic materials company’s stock valued at $141,000 after buying an additional 208 shares during the last quarter. Legal & General Group Plc grew its position in shares of Neenah by 0.5% during the 4th quarter. Legal & General Group Plc now owns 39,675 shares of the basic materials company’s stock valued at $2,331,000 after buying an additional 215 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its position in shares of Neenah by 5.9% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,248 shares of the basic materials company’s stock valued at $273,000 after buying an additional 238 shares during the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.
NP opened at $63.82 on Monday. The stock has a market capitalization of $1.13 billion, a PE ratio of 18.23, a P/E/G ratio of 3.56 and a beta of 1.17. Neenah has a 1-year low of $56.80 and a 1-year high of $96.15. The company has a quick ratio of 1.31, a current ratio of 2.49 and a debt-to-equity ratio of 0.04.
Neenah (NYSE:NP) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The company had revenue of $239.70 million during the quarter, compared to the consensus estimate of $262.00 million. Neenah had a net margin of 3.17% and a return on equity of 13.71%. The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, equities analysts expect that Neenah will post 3.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, May 16th. Neenah’s payout ratio is currently 51.43%.
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.
See Also: Discount Rate
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Neenah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neenah and related companies with MarketBeat.com's FREE daily email newsletter.