Northern Technologies International (NASDAQ:NTIC) Given New $20.00 Price Target at Northland Securities

Northern Technologies International (NASDAQ:NTIC) had its price target increased by stock analysts at Northland Securities from $19.00 to $20.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Northland Securities’ target price points to a potential upside of 44.40% from the stock’s previous close.

A number of other brokerages also recently commented on NTIC. StockNews.com upgraded Northern Technologies International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th.

Northern Technologies International Price Performance

Northern Technologies International stock opened at $13.85 on Friday. The company has a market cap of $130.61 million, a PE ratio of 26.64 and a beta of 0.73. Northern Technologies International has a 12 month low of $10.08 and a 12 month high of $14.97. The company has a fifty day moving average price of $13.46 and a two-hundred day moving average price of $12.55.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings results on Thursday, January 11th. The specialty chemicals company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $20.18 million during the quarter, compared to analyst estimates of $21.00 million. Northern Technologies International had a net margin of 6.12% and a return on equity of 6.72%. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that Northern Technologies International will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Northern Technologies International

Hedge funds have recently made changes to their positions in the business. Meros Investment Management LP increased its position in Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock valued at $2,481,000 after acquiring an additional 14,119 shares during the period. State Street Corp boosted its position in Northern Technologies International by 15.0% during the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock worth $231,000 after acquiring an additional 2,512 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of Northern Technologies International by 234.7% in the second quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 2,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Northern Technologies International by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock valued at $4,528,000 after purchasing an additional 3,089 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Northern Technologies International by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock valued at $848,000 after purchasing an additional 977 shares in the last quarter. Institutional investors own 32.88% of the company’s stock.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. 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.