Alert: Positive Investment/Fundamental Signals (1/2/24)-Otter Tail Corp (NASDAQ: OTTR)


Otter Tail Corp (NASDAQ: OTTR). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Significant positive changes in investment behavior have recently occurred for Otter Tail Corp (NASDAQ: OTTR): positive upside/downside volume developed.

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

Reflecting future returns on capital that are forecasted to exceed 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Otter Tail has a poor Appreciation Score of 30 but a good Power Rating of 76, leading to the Neutral Value Trend Rating.

Recent Price Action

Otter Tail Corp (NASDAQ: OTTR) stock rose modestly by 0.8% on 1/2/24. The stock closed at $85.68. However, trading volume in this advance was below average at 82% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.

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