Northern Technologies International Co. (NASDAQ:NTIC) Receives Average Recommendation of “Strong Buy” from Brokerages

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

Brokerages have set a 1-year consensus target price of $16.00 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Northern Technologies International an industry rank of 222 out of 255 based on the ratings given to its competitors.

A number of analysts have issued reports on the company. ValuEngine raised Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Northland Securities assumed coverage on Northern Technologies International in a research note on Thursday, September 12th. They issued an “outperform” rating and a $16.00 target price for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTIC. Granite Investment Partners LLC boosted its stake in shares of Northern Technologies International by 100.0% in the second quarter. Granite Investment Partners LLC now owns 71,914 shares of the specialty chemicals company’s stock valued at $879,000 after buying an additional 35,957 shares in the last quarter. BlackRock Inc. boosted its stake 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 buying an additional 5,240 shares in the last quarter. Morgan Stanley boosted its stake 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 buying an additional 1,247 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new stake in shares of Northern Technologies International in the second quarter valued at approximately $747,000. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Northern Technologies International by 100.0% in the third quarter. Essex Investment Management Co. LLC now owns 61,092 shares of the specialty chemicals company’s stock valued at $749,000 after buying an additional 30,546 shares in the last quarter. Institutional investors and hedge funds own 17.33% of the company’s stock.

Shares of NTIC opened at $12.02 on Thursday. Northern Technologies International has a 52-week low of $10.02 and a 52-week high of $17.63. The company has a market capitalization of $108.59 million, a PE ratio of 16.93 and a beta of 1.03. The stock has a fifty day simple moving average of $12.16 and a two-hundred day simple moving average of $16.17.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results 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). Northern Technologies International had a return on equity of 11.30% and a net margin of 11.44%. The company had revenue of $13.45 million during the quarter, compared to analyst estimates of $15.20 million. On average, equities analysts expect that Northern Technologies International will post 0.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This is a boost from Northern Technologies International’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.16%. Northern Technologies International’s dividend payout ratio is currently 36.62%.

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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