Alert: Positive Investment/Fundamental Signals (12/4/23)-Otter Tail Corp (NASDAQ: OTTR)


Recent meaningful positive changes in investment behavior have benefitted Otter Tail Corp (NASDAQ: OTTR): the stock’s recent price rise disrupted its longer term downtrend.

Otter Tail Corp (NASDAQ: OTTR) has recently enjoyed important positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and 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

With future capital returns forecasted to be above the cost of capital, OTTR is expected to continue to be an important Value Builder.

Otter Tail 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. Otter Tail has a slightly negative Appreciation Score of 31 but a good Power Rating of 80, with the Neutral Value Trend Rating the result.

Recent Price Action

Otter Tail Corp (NASDAQ: OTTR) stock closed at $77.20 on 12/4/23 after a modest gain of 0.5%. NORMAL trading volume accompanied the advance. The stock has risen 0.7% during the last week and has been strong relative to the market over the last nine months.

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