Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for MDU Resources Group Inc. (NYSE: MDU) improved in the last week. MDU’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, MDU Resources Group Inc. (NYSE: MDU) stock declined modestly by -1.1%, closing at $22.22. Moreover, this decline was accompanied by unusually high trading volume at 154% of normal. The stock has performed in line with the market over the last nine months and has declined -1.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MDU Resources Group has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 50, leading to the Low Neutral Value Trend Rating.
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