Northcoast Research Raises NewMarket to Neutral (NEU)
Separately, analysts at Longbow Research downgraded shares of NewMarket from a “buy” rating to a “neutral” rating in a research note to investors on Friday, April 27th.
NewMarket traded down 2.20% on Monday, hitting $211.17. NewMarket has a 1-year low of $135.01 and a 1-year high of $234.62. The company has a market cap of $2.831 billion and a price-to-earnings ratio of 13.11.
NewMarket last released its earnings data on Wednesday, April 25th. The company reported $5.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $1.53. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts expect that NewMarket will post $4.36 EPS next quarter.
NewMarket Corporation (NewMarket) is a holding company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services), and NewMarket Development Corporation (NewMarket Development).