Northern Technologies International Co. (NASDAQ:NTIC) Given $16.00 Average Target Price by Brokerages

Shares of Northern Technologies International Co. (NASDAQ:NTIC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $16.00 for the company and are predicting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Northern Technologies International an industry rank of 187 out of 255 based on the ratings given to its competitors.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Northern Technologies International from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Zacks Investment Research upgraded Northern Technologies International from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, November 15th. Finally, Northland Securities began coverage on Northern Technologies International in a report on Thursday, September 12th. They issued an “outperform” rating and a $16.00 price target for the company.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Granite Investment Partners LLC grew its holdings in shares of Northern Technologies International by 100.0% during the second quarter. Granite Investment Partners LLC now owns 71,914 shares of the specialty chemicals company’s stock worth $879,000 after buying an additional 35,957 shares in the last quarter. BlackRock Inc. grew its position in shares of Northern Technologies International by 31.7% in the second quarter. BlackRock Inc. now owns 21,774 shares of the specialty chemicals company’s stock valued at $533,000 after purchasing an additional 5,240 shares in the last quarter. Morgan Stanley increased its holdings in shares of Northern Technologies International by 333.4% in the second quarter. Morgan Stanley now owns 1,621 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 1,247 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $747,000. Finally, Essex Investment Management Co. LLC increased its stake in shares of Northern Technologies International by 100.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 61,092 shares of the specialty chemicals company’s stock worth $749,000 after acquiring an additional 30,546 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

NASDAQ:NTIC traded up $0.50 during trading hours on Friday, reaching $12.51. The company’s stock had a trading volume of 54,421 shares, compared to its average volume of 14,797. The company has a market capitalization of $110.08 million, a P/E ratio of 22.45 and a beta of 0.95. The stock has a 50 day moving average price of $12.07 and a two-hundred day moving average price of $14.78. Northern Technologies International has a 12 month low of $10.02 and a 12 month high of $16.08.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Tuesday, November 12th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.10). The firm had revenue of $13.45 million during the quarter, compared to analysts’ expectations of $15.20 million. Northern Technologies International had a return on equity of 8.88% and a net margin of 9.35%. On average, analysts expect that Northern Technologies International will post 0.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.065 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Northern Technologies International’s previous quarterly dividend of $0.06. Northern Technologies International’s payout ratio is currently 47.27%.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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