NewMarket Corp (NYSE: NEU) has reported E.P.S. of $11.23 for its first fiscal quarter (ending March 31) versus $10.09 for the same period a year ago. E.P.S. were $41.57 for the latest four quarters through March 31 versus $32.21 for the same period a year ago.
Recent Price Action
On 4/24/24, NewMarket Corp (NYSE: NEU) stock declined slightly by -0.6%, closing at $583.25. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
NEU’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NewMarket has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NewMarket has a slightly negative Appreciation Score of 36 but a good Power Rating of 84, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment