Neenah Paper Director Sells $154,651 in Stock (NP)
Neenah Paper (NYSE:NP) Director Sean T. Erwin unloaded 3,232 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $47.85, for a total value of $154,651.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at McLean Capital Management upgraded shares of Neenah Paper from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at Sidoti downgraded shares of Neenah Paper from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 22nd. Finally, 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.77.
Neenah Paper (NYSE:NP) traded up 0.62% during mid-day trading on Tuesday, hitting $48.79. The stock had a trading volume of 95,555 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 $43.73 and a 200-day moving average of $40.93. The company has a market cap of $793.3 million and a price-to-earnings ratio of 15.55.
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 $3.20 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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