Stock Rating Downgrade
During the last several trading days the Value Trend Rating for NewMarket Corp (NYSE: NEU) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
NewMarket Corp (NYSE: NEU) stock closed at $499.86 on 11/10/23 after a modest gain of 0.8%. The stock has risen 4.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NewMarket has a poor Appreciation Score of 29 but a very high Power Rating of 93, leading to the High Neutral Value Trend Rating.
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