Analysis: Northern Tier Energy (NYSE:NTI) Target Raised Today
In an analyst note issued to clients and investors by Credit Suisse on Wednesday morning, the firm, Northern Tier Energy (NYSE:NTI), had their TP lowered to $30.00. Analusts presently have a solid “Outperform” rating on the stock.
From a total of 9 analysts covering Northern Tier Energy (NYSE:NTI) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $34 while the lowest target price is $25. The mean of all analyst targets is $28.67 with a -0.04% below today’s ($27.01) stock price. Northern Tier Energy was the topic of 4 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on October 21 to “Neutral” rating. Macquarie Research initiated NTI stock in a recent report from July 24 with “Neutral” rating.
Approximately 103,408 shares of stock traded hands. Northern Tier Energy LP (NYSE:NTI) has risen 5.81% since April 29, 2015 and is uptrending. It has outperformed by 6.01% the S&P500.
Northern Tier Energy LP is a downstream energy limited partnership. The company has a market cap of $2.51 billion. The Firm has refining, retail and logistics activities that serve the Petroleum Administration for Defense District II (PADD II) region of the United States. It has 6.99 P/E ratio. The Company’s divisions include the refining business and the retail business.
According to Zacks Investment Research, “Northern Tier Energy LP is an independent downstream energy company with refining, retail and pipeline operations that serves the PADD II region of the United States. It operates its assets in two business segments: the refining business and the retail business. The Company’s Refining segment is involved in the refining and marketing of refined products, including gasoline, diesel, jet fuel, and asphalt Its retail business operates convenience stores under the SuperAmerica brand and supports franchised convenience stores under the SuperAmerica brand. It also owns and operates SuperMom’s Bakery, which prepares and distributes baked goods and other prepared food items. Northern Tier Energy LP is based in Ridgefield, Connecticut.” Get a free copy of the Zacks research report on Northern Tier Energy LP (NTI).