Alert: Positive Investment/Fundamental Signals (4/1/24)-Otter Tail Corp (NASDAQ: OTTR)


Otter Tail Corp (NASDAQ: OTTR). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

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

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 a Value Builder.

Otter Tail has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Otter Tail has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 52, and the Low Neutral Value Trend Rating results.

Recent Price Action

Otter Tail Corp (NASDAQ: OTTR) stock declined slightly by -0.7% on 4/1/24. The stock closed at $85.81. However, this decline was accompanied by unusually low trading volume at 64% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.6% during the last week.

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