Neenah Paper Upgraded by McLean Capital Management to “Buy” (NP)
Neenah Paper (NYSE:NP) was upgraded by equities researchers at McLean Capital Management from a “neutral” rating to a “buy” rating in a research report issued on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Sidoti downgraded shares of Neenah Paper from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 22nd. Separately, analysts at Davidson initiated coverage on shares of Neenah Paper in a research note on Tuesday, January 14th. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Neenah Paper in a research note on Monday, January 13th. They set a “buy” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.77.
Shares of Neenah Paper (NYSE:NP) traded down 1.17% on Friday, hitting $48.33. The stock had a trading volume of 143,428 shares. Neenah Paper has a 52 week low of $27.44 and a 52 week high of $49.22. The stock has a 50-day moving average of $43.40 and a 200-day moving average of $40.76. The company has a market cap of $782.9 million and a P/E ratio of 15.10.
Neenah Paper (NYSE:NP) last released its earnings data on Thursday, February 27th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.20. The company had revenue of $204.90 million for the quarter, compared to the consensus estimate of $200.90 million. Analysts expect that Neenah Paper will post $3.02 EPS for the current fiscal year.
Neenah Paper, Inc (NYSE:NP) has two primary operations: technical products business and fine paper business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.