NewMarket (NYSE:NEU) Raised to Buy at Wall Street Zen

Key Points

• NewMarket was upgraded to “Buy” from “Hold” by Wall Street Zen, while Weiss Ratings also raised its rating; MarketBeat data shows a consensus “Buy” rating.
• NEU shares opened at $850.71, down 1.9%, with a market capitalization of $7.83 billion and a 52-week range of $580.03 to $876.33.
• NewMarket reported quarterly EPS of $14.54 on revenue of $747.09 million, with a 15.80% net margin and 24.62% return on equity; institutional investors own 61.09% of the stock.

NewMarket (NYSE:NEU - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings raised NewMarket from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NewMarket currently has a consensus rating of "Buy".

NewMarket Stock Down 1.9%

NEU opened at $850.71 on Friday. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 18.30 and a beta of 0.56. The firm has a 50 day moving average price of $787.49 and a 200-day moving average price of $699.54. NewMarket has a twelve month low of $580.03 and a twelve month high of $876.33. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 0.47.

NewMarket (NYSE:NEU - Get Free Report) last issued its earnings results on Wednesday, July 29th. The specialty chemicals company reported $14.54 earnings per share (EPS) for the quarter. NewMarket had a net margin of 15.80% and a return on equity of 24.62%. The company had revenue of $747.09 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NEU. Los Angeles Capital Management LLC purchased a new stake in shares of NewMarket in the 4th quarter worth $25,000. International Assets Investment Management LLC bought a new stake in NewMarket during the fourth quarter valued at about $27,000. Quarry LP bought a new stake in NewMarket during the third quarter valued at about $52,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in NewMarket by 50.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company's stock worth $52,000 after buying an additional 25 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NewMarket by 100.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company's stock.

NewMarket Company Profile

NewMarket Corporation is a specialty chemicals and lubricants company headquartered in Richmond, Virginia. Through its Valvoline business, the company markets a broad portfolio of automotive aftermarket products, including engine oils, transmission fluids, greases and vehicle care solutions. Valvoline products are distributed through retail and commercial channels as well as a network of quick-lube service centers that provide oil changes, preventive maintenance and related services.

In its chemical additives segment, NewMarket develops, manufactures and sells performance additives for fuels, lubricants and industrial fluids.

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