NewMarket Co. (NYSE:NEU) has received a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.
Brokerages have set a one year consensus price target of $380.00 for the company, according to Zacks. Zacks has also given NewMarket an industry rank of 185 out of 256 based on the ratings given to its competitors.
Separately, Buckingham Research began coverage on NewMarket in a report on Monday, April 1st. They set an “underperform” rating and a $380.00 price target on the stock.
Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new position in shares of NewMarket during the first quarter valued at $26,000. Contravisory Investment Management Inc. bought a new position in shares of NewMarket during the first quarter valued at $117,000. BNP Paribas Arbitrage SA lifted its holdings in shares of NewMarket by 74.7% during the first quarter. BNP Paribas Arbitrage SA now owns 290 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 124 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of NewMarket during the first quarter valued at $173,000. Finally, World Asset Management Inc bought a new position in shares of NewMarket during the first quarter valued at $202,000. 55.14% of the stock is currently owned by hedge funds and other institutional investors.
NewMarket stock traded up $5.03 during mid-day trading on Thursday, hitting $422.02. The company had a trading volume of 479 shares, compared to its average volume of 69,952. The company has a quick ratio of 1.77, a current ratio of 3.29 and a debt-to-equity ratio of 1.53. The business has a 50 day simple moving average of $404.56. NewMarket has a 12 month low of $352.89 and a 12 month high of $452.54. The company has a market capitalization of $4.63 billion, a P/E ratio of 20.77 and a beta of 0.52.
NewMarket (NYSE:NEU) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $5.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.81 by ($0.24). The company had revenue of $536.62 million during the quarter. NewMarket had a return on equity of 44.09% and a net margin of 10.57%. Equities research analysts predict that NewMarket will post 21.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, June 14th. NewMarket’s payout ratio is currently 34.41%.
NewMarket Company Profile
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives businesses. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, metalworking fluids, and other applications where metal-to-metal moving parts are utilized; and engine oil, driveline, and industrial additives.
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