For its second fiscal quarter (ending June 30), NewMarket Corp (NYSE: NEU) has reported E.P.S. of $11.63 compared to $10.36 a year ago. For the latest four quarters through June 30, E.P.S. were $42.85 versus $36.03 for the same period a year ago.
Recent Price Action
NewMarket Corp (NYSE: NEU) stock declined slightly by -0.8% on 7/29/24. The stock closed at $557.13. However, trading volume in this decline was below average at 69% of normal. The stock has risen 3.3% during the last week and has performed in line with the market over the last nine months.
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 D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. NewMarket has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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