Neenah Paper CEO Unloads $352,000 in Stock (NP)
Neenah Paper (NYSE:NP) CEO John O’donnell sold 8,800 shares of Neenah Paper stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $40.00, for a total transaction of $352,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Neenah Paper to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $40.30 price target on the stock.
Shares of Neenah Paper (NYSE:NP) traded up 1.24% on Friday, hitting $41.48. The stock had a trading volume of 53,816 shares. Neenah Paper has a 52-week low of $22.95 and a 52-week high of $41.00. The stock’s 50-day moving average is $38.6 and its 200-day moving average is $34.41. The company has a market cap of $666.0 million and a price-to-earnings ratio of 13.53.
Neenah Paper (NYSE:NP) last announced its earnings results on Wednesday, August 7th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.01. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $249.00 million. Analysts expect that Neenah Paper will post $2.80 EPS for the current fiscal year.
Neenah Paper, Inc (NYSE:NP) has two primary operations: technical products business and fine paper business.
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