NPK International (NYSE:NPKI) Downgraded to Hold Rating by Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen downgraded shares of NPK International (NYSE:NPKI – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.
Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a report on Monday, December 22nd. HC Wainwright lifted their price objective on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.17.
Get Our Latest Stock Report on NPK International
NPK International Stock Down 0.5%
NPKI opened at $12.14 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 31.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.20. The firm’s 50-day simple moving average is $12.46 and its 200-day simple moving average is $10.71. NPK International has a twelve month low of $4.76 and a twelve month high of $14.00.
NPK International (NYSE:NPKI – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $68.84 million for the quarter, compared to analyst estimates of $56.83 million. NPK International had a net margin of 12.74% and a return on equity of 9.93%. Equities research analysts anticipate that NPK International will post 0.39 EPS for the current fiscal year.
Institutional Investors Weigh In On NPK International
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in shares of NPK International during the second quarter valued at $7,615,000. NorthCrest Asset Manangement LLC bought a new stake in NPK International during the 2nd quarter worth about $188,000. Diversified Trust Co acquired a new position in NPK International during the 2nd quarter valued at about $210,000. GAMMA Investing LLC bought a new position in shares of NPK International in the 2nd quarter valued at about $66,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of NPK International in the 2nd quarter valued at about $458,000. Institutional investors own 80.81% of the company’s stock.
NPK International Company Profile
NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.
The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.