D.A. Davidson Reiterates a Hold Rating on Neenah PaperBy Austin Angelo
In a report released today, Steven Chercover from D.A. Davidson reiterated a Hold rating on Neenah Paper (NYSE: NP), with a price target of $78. The company’s shares opened today at $79, close to its 52-week high of $82.24.
According to TipRanks.com, Chercover is a 5-star analyst with an average return of 12.6% and a 77.2% success rate. Chercover covers the Consumer Goods sector, focusing on stocks such as Clearwater Paper, Sonoco Products, and Intl Paper Co.
Neenah Paper has an analyst consensus of Hold, with a price target consensus of $78.
The company has a one year high of $82.24 and a one year low of $52.70. Currently, Neenah Paper has an average volume of 87.86K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, James Piedmonte, the SVP, Operations of NP sold 10,000 shares for a total of $795,953.
Neenah Paper, Inc. is a global manufacturer of premium, performance-based papers and specialty products. It operates through two segments: Technical Products and Fine Paper and Packaging. The Technical Products segment operates as an international producer of transportation and other filter media, durable, saturated and coated substrates for industrial products backings and a variety of other end markets. The Fine Paper and Packaging segment supplies premium writing, text and cover papers, bright papers and specialty papers in North America. Its products are used in commercial printing and imaging applications for corporate identity packages, invitations, personal stationery and corporate annual reports, as well as, premium labels and luxury packaging. Neenah Paper was founded in April 2004 and is headquartered in Alpharetta, GA.