Analysts Set $380.00 Target Price for NewMarket Co. (NEU)

Shares of NewMarket Co. (NYSE:NEU) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.

Brokers have set a 1-year consensus target price of $380.00 for the company, according to Zacks. Zacks has also assigned NewMarket an industry rank of 220 out of 255 based on the ratings given to its competitors.

Separately, Buckingham Research started coverage on NewMarket in a research note on Monday, April 1st. They issued an “underperform” rating and a $380.00 price objective for the company.

In other NewMarket news, Director James E. Rogers sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $433.97, for a total transaction of $216,985.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas E. Gottwald sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $437.84, for a total value of $4,816,240.00. Following the transaction, the chairman now owns 145,168 shares in the company, valued at approximately $63,560,357.12. The disclosure for this sale can be found here. 17.02% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Berman Capital Advisors LLC purchased a new position in shares of NewMarket during the 4th quarter worth $25,000. Oppenheimer Asset Management Inc. acquired a new stake in NewMarket in the 4th quarter valued at $37,000. Contravisory Investment Management Inc. acquired a new stake in NewMarket in the 1st quarter valued at $117,000. Ffcm LLC increased its holdings in NewMarket by 187.6% in the 4th quarter. Ffcm LLC now owns 348 shares of the specialty chemicals company’s stock valued at $143,000 after purchasing an additional 227 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in NewMarket in the 4th quarter valued at $212,000. 60.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of NEU stock opened at $426.30 on Friday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 20.96 and a beta of 0.50. NewMarket has a 52 week low of $352.89 and a 52 week high of $452.54. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 1.57.

NewMarket (NYSE:NEU) last posted its quarterly earnings results on Wednesday, February 6th. The specialty chemicals company reported $5.58 EPS for the quarter, beating the consensus estimate of $4.66 by $0.92. NewMarket had a return on equity of 41.52% and a net margin of 10.25%. The firm had revenue of $538.31 million during the quarter. Sell-side analysts anticipate that NewMarket will post 21.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, March 14th. NewMarket’s dividend payout ratio (DPR) is 34.41%.

About NewMarket

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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