Zacks: NL Industries Inc. (NL) Given $3.00 Average Target Price by Brokerages
NL Industries Inc. (NYSE:NL) has been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating.
Analysts have set a 1 year consensus price target of $3.00 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned NL Industries an industry rank of 97 out of 265 based on the ratings given to related companies.
A number of brokerages have weighed in on NL. TheStreet raised shares of NL Industries from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research raised shares of NL Industries from a “hold” rating to a “strong-buy” rating and set a $3.50 price target for the company in a report on Thursday, August 18th.
Shares of NL Industries (NYSE:NL) opened at 4.07 on Friday. NL Industries has a 52-week low of $1.92 and a 52-week high of $6.21. The firm’s market capitalization is $198.23 million. The company has a 50 day moving average of $4.24 and a 200 day moving average of $3.20.
NL Industries (NYSE:NL) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.06. NL Industries had a negative net margin of 5.92% and a negative return on equity of 2.86%. On average, analysts anticipate that NL Industries will post $0.10 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of NL. BlackRock Institutional Trust Company N.A. increased its stake in NL Industries by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 183,355 shares of the company’s stock valued at $471,000 after buying an additional 1,879 shares during the last quarter. Renaissance Technologies LLC increased its stake in NL Industries by 48.4% in the first quarter. Renaissance Technologies LLC now owns 118,399 shares of the company’s stock valued at $268,000 after buying an additional 38,599 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in NL Industries by 37.1% in the second quarter. BlackRock Fund Advisors now owns 225,894 shares of the company’s stock valued at $581,000 after buying an additional 61,128 shares during the last quarter. Hedge funds and other institutional investors own 6.41% of the company’s stock.
NL Industries Company Profile
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). It operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). CompX is a manufacturer of engineered components utilized in a range of applications and industries.
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