Stock Rating Upgrade
The Value Trend Rating for MDU Resources Group Inc. (NYSE: MDU) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
MDU Resources Group Inc. (NYSE: MDU) stock declined by -2.0% on 8/9/24. The shares closed at $24.46. However, below average trading volume at 82% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.1% during the last week.
Current PriceTarget Research Rating
MDU is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MDU Resources Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MDU Resources Group has a slightly negative Appreciation Score of 35 but a very high Power Rating of 88, resulting in the Positive Value Trend Rating.
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