Northern Tier Energy Stock Rating Upgraded by Zacks (NTI)
Northern Tier Energy (NYSE:NTi) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $27.50 target price on the stock. Zacks‘ target price would indicate a potential upside of 8.61% from the company’s current price.
Shares of Northern Tier Energy (NYSE:NTI) traded up 2.37% on Tuesday, hitting $25.92. 316,889 shares of the company’s stock traded hands. Northern Tier Energy has a 52-week low of $17.83 and a 52-week high of $33.24. The stock has a 50-day moving average of $24.83 and a 200-day moving average of $23.04. The company has a market cap of $2.387 billion and a P/E ratio of 7.89.
Northern Tier Energy (NYSE:NTi) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.13. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts predict that Northern Tier Energy will post $2.29 earnings per share for the current fiscal year.
A number of other firms have also recently commented on NTI. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Northern Tier Energy from $29.00 to $35.00 in a research note to investors on Monday, December 16th. Separately, analysts at Bank of America Corp. reiterated a “positive” rating on shares of Northern Tier Energy in a research note to investors on Tuesday, December 3rd. Finally, analysts at Macquarie upgraded shares of Northern Tier Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 14th. They now have a $37.00 price target on the stock, up previously from $21.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.56.
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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