MDU Resources Group Inc (MDU) stock expected to rise by 77.04%: What’s driving the optimism?

At the time of writing, MDU Resources Group Inc [MDU] stock is trading at $17.51, up 3.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MDU shares have gain 9.61% over the last week, with a monthly amount glided 12.37%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

MDU Resources Group Inc [NYSE: MDU] stock has seen the most recent analyst activity on November 05, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $17 for it. Previously, Siebert Williams Shank upgraded its rating to Buy on November 04, 2024, and kept the price target unchanged to $19. On October 21, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $31 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $30 on May 20, 2024. BofA Securities upgraded its rating to a Buy but $22 remained the price target by the analyst firm on June 01, 2023. BofA Securities downgraded its rating to Underperform for this stock on October 24, 2022, and downed its price target to $26. In a note dated August 05, 2022, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $29 to $30.

For the past year, the stock price of MDU Resources Group Inc fluctuated between $9.99 and $17.29. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. MDU Resources Group Inc [NYSE: MDU] shares were valued at $17.51 at the most recent close of the market. An investor can expect a potential return of 77.04% based on the average MDU price forecast.

Analyzing the MDU fundamentals

According to MDU Resources Group Inc [NYSE:MDU], the company’s sales were 4.40B for trailing twelve months, which represents an -3.99% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.08 points at the first support level, and at 16.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.87, and for the 2nd resistance point, it is at 18.23.

Ratios To Look Out For

It is important to note that MDU Resources Group Inc [NYSE:MDU] has a current ratio of 1.21. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 8.78.

Transactions by insiders

Recent insider trading involved Johnson Rob L., President-WBI Holdings, that happened on May 07 ’24 when 36291.0 shares were purchased. Director, Rosenthal Dale completed a deal on Mar 12 ’24 to buy 375.0 shares.

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