Has The Recent Share Price Slide Opened An Opportunity In NewMarket (NEU)?
- Are you wondering if NewMarket’s current share price reflects its real worth, or if the recent moves have opened up a mispricing you could potentially take advantage of?
- The stock last closed at US$592.80, after an 18.1% decline over the past week and a 16.4% decline over the past month. This comes even though the 1 year, 3 year and 5 year returns sit at 11.1%, 82.1% and 67.3% respectively.
- Recent attention on NewMarket has focused on its role in the materials sector and how investors are reacting to that exposure. The share price moves reflect shifting views on risk and opportunity. This context is important when you weigh up whether the current price is reasonable or out of line with the fundamentals.
- On our valuation checks,…
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