Neenah Inc (NYSE:NP) Upgraded by Zacks Investment Research to Buy

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Neenah Inc stock has undergone multiple analysts rating changes in the recent past.  Neenah Inc Upgraded by Zacks Investment Research on 10/1/2020. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Neenah Inc traded down -$0.63 on Thursday, reaching $37.47. 0 shares of the stock traded hands, compared to its average volume of 106720. Shares of Neenah Inc were trading at $37.47 on Thursday. The firm’s 50 day moving average is $44.13 and its 200 day moving average is $51.81.Neenah Inc has a 12 month low of $37.19 and a 12 month high of $77.55. While on yearly highs and lows, Neenah Inc’s today has traded high as $38.62 and has touched $37.19 on the downward trend. See More Analyst Rating at: RATING

Neenah Inc Earnings and What to expect: 

Neenah last announced its quarterly earnings results on August 4th, 2020. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $161.40 million for the quarter. Neenah has generated $3.47 earnings per share over the last year. Neenah has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 3rd, 2020 based off prior year’s report dates.

Earnings for Neenah are expected to grow by 34.69% in the coming year, from $1.47 to $1.98 per share. The P/E ratio of Neenah is -149.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Neenah is -149.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Neenah has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 1.60%
  • On 8/26/2020 Director William M Cook Buy 1,000 at average share price of $44.68 which equates to $44,680.00 in money value.
  • On 8/7/2020 CFO Paul F Desantis Buy 3,400 at average price of  $45.17 with total value of : $153,578.00
  • On 5/20/2020 CFO Paul F Desantis Buy 6,000 at average price of  $49.63 with total value of : $297,780.00

Other owners latest trading in Neenah Inc :

  • On 9/15/2020 shares held by Two Sigma Advisers LP were 27,100 which equates to market value of $1.34M and appx 0.00% owners of Neenah Inc
  • On 9/4/2020 shares held by Principal Financial Group Inc. were 131,315 which equates to market value of $6.50M and appx 0.00% owners of Neenah Inc
  • On 8/25/2020 shares held by Nuveen Asset Management LLC were 69,513 which equates to market value of $3.44M and appx 0.00% owners of Neenah Inc
  • In total Institutional ownership equates to Institutional Ownership Percentage: 90.04% for Neenah Inc

Analyst at Zacks Investment Research are also talking about :

  • 9/9/2020 – Neenah was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)
  • 9/8/2020 – Neenah was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. (View)
  • 8/28/2020 – Neenah was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating. They now have a $55.00 price target on the stock. (View)
  • 8/26/2020 – Neenah was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. (View)

Neenah Inc (NYSE:NP) Moving Average Technical Analysis

5 day Moving Average is $38.02 And 5 day price change is $0.58 (1.57%)  with average volume for 5 day average is 95,660. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $40.29 and 20 day price change is -$6.83 (-15.42%) and average 20 day moving volume is 113,190. 50 day moving average is $44.13  and 50 day price change is -$12.11 ( -24.43%)  and with average volume for 50 days is : 118,278. 200 day moving average is $51.81  and 200 day price change is -$35.51 (-48.66%)  and with average volume for 200 days is : 119,299.

See More Analyst Rating at: RATING