Stock Rating Upgrade
The Value Trend Rating for NewMarket Corp (NYSE: NEU) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/26/24, NewMarket Corp (NYSE: NEU) stock declined slightly by -0.8%, closing at $529.41. Moreover, this decline was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.3% during the last week.
Current PriceTarget Research Rating
NEU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NewMarket has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NewMarket has a neutral Appreciation Score of 42 but a good Power Rating of 83, with the Positive Value Trend Rating the result.
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