Otter Tail Corp (NASDAQ: OTTR) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Otter Tail Corp (NASDAQ: OTTR): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OTTR is expected to continue to be an important Value Builder.
Otter Tail has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Otter Tail has a poor Appreciation Score of 29 but a good Power Rating of 83, and the Neutral Value Trend Rating results.
Recent Price Action
Otter Tail Corp (NASDAQ: OTTR) stock suffered a large decline of -2.0% on 11/20/23. The stock closed at $77.10. Relative to the market the stock has been strong over the last nine months but has declined -0.7% during the last week.
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