Neenah Paper (NP) Earning Somewhat Favorable News Coverage, Study Finds
Press coverage about Neenah Paper (NYSE:NP) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Neenah Paper earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.6254229585796 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities research analysts have recently issued reports on NP shares. Zacks Investment Research upgraded Neenah Paper from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Wednesday, January 10th. DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th.
Shares of Neenah Paper (NP) opened at $92.90 on Friday. Neenah Paper has a 12 month low of $72.35 and a 12 month high of $93.50. The stock has a market capitalization of $1,539.72, a P/E ratio of 20.46, a PEG ratio of 3.84 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52.
Neenah Paper announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 29th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Timothy S. Lucas sold 2,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $87.90, for a total value of $175,800.00. Following the sale, the director now owns 15,693 shares in the company, valued at approximately $1,379,414.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Larry Newton Brownlee sold 458 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $87.62, for a total value of $40,129.96. Following the completion of the sale, the vice president now owns 2,370 shares in the company, valued at approximately $207,659.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,911 shares of company stock worth $1,715,307. Company insiders own 2.00% of the company’s stock.
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Neenah Paper Company Profile
Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.
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