Stock Rating Upgrade
In the last week the Value Trend Rating for Otter Tail Corp (NASDAQ: OTTR) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/8/24, Otter Tail Corp (NASDAQ: OTTR) stock increased 1.4%, closing at $87.39. However, trading volume in this advance was below average at 73% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OTTR is expected to continue to be a Value Builder.
Otter Tail has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Otter Tail has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.
Be the first to comment