NewMarket Corp. (NYSE:NEU) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation. NewMarket Corp.’s rating score has declined by 28.8% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 12 month consensus target price of $440.00 for the company and are anticipating that the company will post $5.09 EPS for the current quarter, according to Zacks. Zacks has also given NewMarket Corp. an industry rank of 58 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on the company. Longbow Research lowered NewMarket Corp. from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. BMO Capital Markets lowered NewMarket Corp. from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Zacks Investment Research lowered NewMarket Corp. from a “buy” rating to a “hold” rating in a report on Wednesday.
A number of hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC acquired a new stake in shares of NewMarket Corp. during the first quarter valued at $90,744,000. Advisor Group Inc. acquired a new stake in shares of NewMarket Corp. during the second quarter valued at $121,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of NewMarket Corp. by 697.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 343 shares of the company’s stock valued at $142,000 after buying an additional 300 shares during the last quarter. World Asset Management Inc acquired a new stake in shares of NewMarket Corp. during the second quarter valued at $201,000. Finally, National Planning Corp acquired a new stake in shares of NewMarket Corp. during the first quarter valued at $202,000. Hedge funds and other institutional investors own 58.47% of the company’s stock.
Shares of NewMarket Corp. (NYSE:NEU) opened at 429.32 on Monday. NewMarket Corp. has a 1-year low of $322.54 and a 1-year high of $447.97. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 21.23 and a beta of 0.97. The company’s 50 day moving average is $428.46 and its 200-day moving average is $412.62.
NewMarket Corp. (NYSE:NEU) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $5.50 EPS for the quarter, beating the Zacks’ consensus estimate of $5.45 by $0.05. The business had revenue of $521.80 million for the quarter, compared to analyst estimates of $556.60 million. NewMarket Corp. had a return on equity of 62.23% and a net margin of 11.80%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.65 EPS. Equities analysts anticipate that NewMarket Corp. will post $20.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, September 13th. NewMarket Corp.’s dividend payout ratio is 31.64%.
NewMarket Corp. Company Profile
NewMarket Corporation is a holding company. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). It operates in petroleum additives segment, which is primarily represented by Afton.
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