NorthWestern Corp (NASDAQ: NWE) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent marginal positive changes in fundamentals have benefitted NorthWestern Corp (NASDAQ: NWE): significant quarterly earnings acceleration occurred.
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
NWE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NorthWestern has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. NorthWestern has a good Appreciation Score of 74 but a slightly negative Power Rating of 39, producing the Neutral Value Trend Rating.
Recent Price Action
On 3/28/24, NorthWestern Corp (NASDAQ: NWE) stock increased 1.3%, closing at $50.93. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 4.3% during the last week.
Be the first to comment