Will NL Industries, Inc. (NL) Surpass The Expectations That Analysts Have Set?

NL Industries, Inc. (NL) shares saw a recent bid of $6.85 and 1.18M shares have exchanged hands in the recent trading session, yielding a -7.43% decline over the past week. The stock price increased 0.00% or $0 versus $6.85 at the end of the prior session. This change led market cap to move at $357.78M, putting the price -37.16% below the 52-week high and 204.44% above the 52-week low. The company’s stock has a normal trading capacity of 82.14K shares while the relative volume is 14.35.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $7.00 while $7.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $0 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $7.00, which would be an increase of about 2% of its current value. The mean target of $7.00 should be compared with the price when the stock was languishing around $2.25 a share. And it remains to be seen which target price NL can achieve without sacrificing much as the company is holding a 107.58% gain for the past twelve months.

By historical standards, NL Industries, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 12.76 times earnings, below the average P/E ratio of 27.86 times earnings. For now, NL Industries, Inc. is the toast of Wall Street as its ABR stands at 4.00 with 0 out of 1 analysts rating the stock a buy. Over the short term, some market observers may have noticed that NL Industries, Inc. has a 2.40% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. NL Industries, Inc. has far performed well this year, with the share price down -15.95% since January. Over the past 2 quarters, the stock is up 2.24%, compared with a gain of nearly 21.24% for 3 months and about -15.43% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.17, smashing the consensus of $0.17 per share. Revenue for the quarter also did not kill consensus, coming in at $26.85M, compared to the consensus of 26M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.23. The company is expected to report EPS as high as $0.23 and as low as $0.23 per share. Similarly, full-year EPS forecasts have ranged between $0.80 and $0.80. The mean EPS estimate is $0.80. On the other side, sales forecasts for the current quarter are $117M. The stock is expected to report revenue as high as $117M and as low as $117M per share. Similarly, full-year sales forecasts have ranged between $0M and $0M. The mean revenue estimate is $0M.

Over the last 5 years, NL Industries, Inc. has averaged a -27.80% YoY EPS growth rate and a 6.40% revenue growth rate. Analysts are expecting EPS growth rates to be at 164.10% this quarter and EPS estimate for next year reflect 12.50% growth rate.

Sell-side analysts also have something to say about this company. Barclays analysts stated on 07/04/2017 that they maintained their Underweight rating. Barclays analysts stated on 28/08/2015 that they maintained their Underweight rating. Barclays analysts stated on 17/03/2015 that they maintained their Underweight rating. Barclays analysts stated on 29/05/2014 that they maintained their Underweight rating.

Will NL Industries, Inc. (NL) Surpass The Expectations That Analysts Have Set? was last modified: June 8th, 2017 by Rosemary Becker
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