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

NewMarket (NYSE:NEU) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded NewMarket from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

NewMarket Stock Performance

Shares of NYSE:NEU opened at $850.71 on Friday. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 18.30 and a beta of 0.56. NewMarket has a 12 month low of $580.03 and a 12 month high of $876.33. The firm’s 50-day moving average is $787.49 and its 200 day moving average is $699.41. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47.

NewMarket (NYSE:NEU) last announced its quarterly earnings data 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 business had revenue of $747.09 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in NewMarket during the 4th quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in NewMarket in the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NewMarket by 100.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 39 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of NewMarket by 50.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 75 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 25 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of NewMarket during the third quarter valued at approximately $52,000. 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.