The stock of Neenah Paper, Inc. (NYSE:NP) reached all time high today, Nov, 24 and still has $89.99 target or 5.00% above today’s $85.70 share price. This indicates more upside for the $1.44B company. This technical setup was reported by Barchart.com. If the $89.99 PT is reached, the company will be worth $72.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.47% or $0.4 on November 23, hitting $85.7. About 78,792 shares traded hands. Neenah Paper, Inc. (NYSE:NP) has risen 33.66% since April 22, 2016 and is uptrending. It has outperformed by 28.25% the S&P500.
Analysts await Neenah Paper, Inc. (NYSE:NP) to report earnings on February, 21. They expect $0.90 EPS, down 1.10% or $0.01 from last year’s $0.91 per share. NP’s profit will be $15.12M for 23.81 P/E if the $0.90 EPS becomes a reality. After $0.99 actual EPS reported by Neenah Paper, Inc. for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.
According to Zacks Investment Research, “Neenah is a leading global specialty materials company, focused on premium niche markets that include advanced filtration media, specialized substrates used for tapes, labels and other products, and premium printing and packaging papers. The company is headquartered in Alpharetta, Georgia and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany.”
Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.20, from 0.94 in 2016Q1. The ratio is positive, as 15 funds sold all Neenah Paper, Inc. shares owned while 68 reduced positions. 17 funds bought stakes while 61 increased positions. They now own 14.79 million shares or 1.22% more from 14.62 million shares in 2016Q1.
Royal State Bank Of Canada accumulated 34,617 shares or 0% of the stock. Manufacturers Life Ins The holds 0% or 11,132 shares in its portfolio. Jpmorgan Chase And holds 0% or 73,328 shares in its portfolio. Susquehanna Interest Grp Llp has invested 0% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Goldman Sachs Grp accumulated 41,079 shares or 0% of the stock. Great West Life Assurance Can holds 0% or 2,860 shares in its portfolio. Baskin Financial Svcs, a Ontario – Canada-based fund reported 101,688 shares. First Advsrs L P last reported 0% of its portfolio in the stock. The Minnesota-based Bremer National Association has invested 0.12% in Neenah Paper, Inc. (NYSE:NP). Deutsche Natl Bank Ag accumulated 28,769 shares or 0% of the stock. Rhumbline Advisers reported 31,832 shares or 0.01% of all its holdings. Parametric Port Limited Liability has invested 0.01% of its portfolio in Neenah Paper, Inc. (NYSE:NP). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. The Pennsylvania-based Mycio Wealth Ltd Com has invested 0% in Neenah Paper, Inc. (NYSE:NP). Moreover, Ls Invest Advisors Limited Liability has 0% invested in Neenah Paper, Inc. (NYSE:NP) for 583 shares.
Insider Transactions: Since May 26, 2016, the stock had 1 buying transaction, and 12 insider sales for $1.91 million net activity. Brownlee Larry Newton sold $52,201 worth of stock or 714 shares. The insider Schertell Julie sold 1,400 shares worth $106,400. Piedmonte James R sold $95,634 worth of stock. Lind Bonnie Cruickshank sold $183,894 worth of Neenah Paper, Inc. (NYSE:NP) on Friday, May 27. On Thursday, May 26 the insider Heinrichs Steven S sold $536,734. On Tuesday, June 7 Lucas Timothy S sold $106,137 worth of the stock or 1,493 shares. Wood Stephen Michael had sold 1,000 shares worth $85,000 on Friday, November 18.
Another recent and important Neenah Paper, Inc. (NYSE:NP) news was published by Nasdaq.com which published an article titled: “Neenah Paper, Inc. Reveals 12% Rise In Q3 Profit” on November 08, 2016.
NP Company Profile
Neenah Paper, Inc., incorporated on April 22, 2004, has two principal operations, technical products business, and fine paper and packaging business. The Company’s divisions consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty). The fine paper and packaging business is a supplier of printing and other specialty papers (Graphic Imaging), premium packaging (Packaging) and specialty office papers (Filing/Office) in North America. The Company’s technical products manufacturing facilities are located in Munising, Michigan; Pittsfield, Massachusetts; Bolton, England, and Munich, Germany. The Company’s fine paper and packaging manufacturing facilities are located in Appleton, Neenah and Whiting, Wisconsin, and Canton, Ohio.
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