Barclays analyst Michael Leithead maintained a Sell rating on NL Industries (NL – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $7.10.
According to TipRanks, Leithead is a 4-star analyst with an average return of 5.9% and a 58.82% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Olin, PPG Industries, and Eastman Chemical.
Currently, the analyst consensus on NL Industries is a Moderate Sell with an average price target of $5.00.
Based on NL Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $40.36 million and a GAAP net loss of $69 thousand. In comparison, last year the company earned a revenue of $42.86 million and had a GAAP net loss of $8.9 million
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NL Industries (NL) Company Description:
NL Industries, Inc. is a holding company, which involves in components products and chemical industries. It operates through its subsidiaries: CompX International, Inc. and Kronos Worldwide, Inc. The CompX International, Inc. manufactures precision ball bearing slides, security products, and ergonomic computer support systems used in office furniture, computer-related equipment, tool storage cabinets, and refrigerators. The Kronos Worldwide, Inc. produces and markets value-added titanium dioxide pigments. The company was founded in 1891 and is headquartered in Dallas, TX.
