NewMarket (NYSE:NEU) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of NewMarket (NYSE:NEU) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NewMarket Trading Down 1.9%

Shares of NEU stock opened at $850.71 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.37. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 18.30 and a beta of 0.56. NewMarket has a 1 year low of $580.03 and a 1 year high of $876.33. The firm has a fifty day moving average price of $787.49 and a 200-day moving average price of $699.54.

NewMarket (NYSE:NEU) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 EPS for the quarter. The company had revenue of $747.09 million for the quarter. NewMarket had a return on equity of 24.62% and a net margin of 15.80%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEU. Strs Ohio lifted its holdings in shares of NewMarket by 12.7% in the first quarter. Strs Ohio now owns 151 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 17 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in NewMarket by 0.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,253 shares of the specialty chemicals company’s stock worth $3,367,000 after purchasing an additional 17 shares in the last quarter. Kesler Norman & Wride LLC lifted its stake in NewMarket by 1.6% in the 1st quarter. Kesler Norman & Wride LLC now owns 1,227 shares of the specialty chemicals company’s stock worth $786,000 after purchasing an additional 19 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of NewMarket by 5.5% during the 4th quarter. Great Lakes Advisors LLC now owns 366 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 19 shares during the last quarter. Finally, Abel Hall LLC boosted its holdings in shares of NewMarket by 6.3% during the 4th quarter. Abel Hall LLC now owns 335 shares of the specialty chemicals company’s stock valued at $230,000 after purchasing an additional 20 shares during the last quarter. 61.09% of the stock is currently owned by institutional investors.

NewMarket Company Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.