Shares of Neenah Inc (NYSE:NP) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus target price of $77.00 for the company and are forecasting that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned Neenah an industry rank of 201 out of 255 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on NP shares. DA Davidson dropped their target price on Neenah to $77.00 and set a “positive” rating for the company in a report on Wednesday, February 13th. Zacks Investment Research raised Neenah from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th.

In related news, Director John F. Mcgovern sold 4,155 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $70.84, for a total value of $294,340.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Larry Newton Brownlee sold 453 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $63.50, for a total value of $28,765.50. Following the completion of the transaction, the vice president now directly owns 5,166 shares of the company’s stock, valued at approximately $328,041. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,047 shares of company stock valued at $421,325. 1.50% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new position in Neenah in the fourth quarter valued at about $35,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Neenah by 46.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,166 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 372 shares during the last quarter. First Interstate Bank grew its position in Neenah by 31.2% in the fourth quarter. First Interstate Bank now owns 1,366 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 325 shares during the last quarter. Bank of Montreal Can grew its position in Neenah by 12.8% in the fourth quarter. Bank of Montreal Can now owns 1,485 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 168 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Neenah by 32.4% in the fourth quarter. Advisor Group Inc. now owns 1,727 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 423 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

NP opened at $66.24 on Friday. Neenah has a fifty-two week low of $56.80 and a fifty-two week high of $96.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.30 and a quick ratio of 1.21. The firm has a market cap of $1.12 billion, a PE ratio of 18.93, a PEG ratio of 3.51 and a beta of 1.17.

Neenah (NYSE:NP) last posted its earnings results on Tuesday, February 12th. The basic materials company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.09). Neenah had a return on equity of 15.03% and a net margin of 3.52%. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $255.63 million. During the same period in the prior year, the business posted $1.06 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Neenah will post 3.76 EPS for the current year.

About Neenah

Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.

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