Stock Rating Downgrade
The Value Trend Rating for MDU Resources Group Inc. (NYSE: MDU) fell significantly in recent days from A to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
MDU Resources Group Inc. (NYSE: MDU) stock closed at $22.59 on 3/8/24 after an increase of 2.0%. Moreover, trading volume in this advance was exceptionally high at 207% of normal. The stock has risen 4.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MDU is expected to continue to be an important Value Builder.
MDU Resources Group has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MDU Resources Group has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 39, triggering the Negative Value Trend Rating.
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