Stock Rating Downgrade
Of late the Value Trend Rating for NewMarket Corp (NYSE: NEU) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/3/24, NewMarket Corp (NYSE: NEU) stock increased 1.4%, closing at $546.89. However, this advance was accompanied by below average trading volume at 73% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NEU is expected to continue to be a major Value Builder.
NewMarket has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NewMarket has a neutral Appreciation Score of 41 but a good Power Rating of 80, leading to the High Neutral Value Trend Rating.
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