Northern Tier Energy Given Hold Rating at JPMorgan Chase & Co. (NTI)
Northern Tier Energy (NYSE:NTi)‘s stock had its “hold” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports. They currently have a $21.00 price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 9.83% from the stock’s previous close.
Shares of Northern Tier Energy (NYSE:NTI) traded up 3.30% during mid-day trading on Tuesday, hitting $19.12. 2,209,655 shares of the company’s stock traded hands. Northern Tier Energy has a one year low of $17.83 and a one year high of $33.24. The stock has a 50-day moving average of $21.22 and a 200-day moving average of $24.81. The company has a market cap of $1.761 billion and a P/E ratio of 6.60.
Northern Tier Energy (NYSE:NTi) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.12. The company had revenue of $1.13 million for the quarter, compared to the consensus estimate of $757.90 million. On average, analysts predict that Northern Tier Energy will post $2.92 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NTI. Analysts at Barclays Capital cut their price target on shares of Northern Tier Energy (NYSE:NTI) from $26.00 to $22.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Northern Tier Energy (NYSE:NTI) to $28.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Northern Tier Energy (NYSE:NTI) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $19.80 price target on the stock.
Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.87.
Northern Tier Energy LP, formerly Northern Tier Energy, Inc, is an independent downstream energy company with refining, retail, and pipeline operations that serves the PADD II region of the United States.
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