At the time of writing, Otter Tail Corporation [OTTR] stock is trading at $79.43, up 2.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The OTTR shares have gain 8.97% over the last week, with a monthly amount glided 4.69%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Otter Tail Corporation [NASDAQ: OTTR] stock has seen the most recent analyst activity on May 03, 2023, when Siebert Williams Shank downgraded its rating to a Sell but kept the price target unchanged to $68 for it. Previously, Maxim Group downgraded its rating to Hold on May 03, 2023. On November 28, 2022, upgrade upgraded it’s rating to Hold but maintained its price target of $63 on the stock. Siebert Williams Shank downgraded its rating to a Sell and increased its price target to $64 on August 03, 2022. Sidoti downgraded its rating to a Neutral but $72 remained the price target by the analyst firm on December 16, 2021. Sidoti upgraded its rating to Buy for this stock on August 05, 2020, but kept the price target unchanged to $45. In a note dated April 24, 2020, Maxim Group reiterated an Buy rating on this stock and revised its target price from $60 to $51.
For the past year, the stock price of Otter Tail Corporation fluctuated between $71.66 and $100.84. Currently, Wall Street analysts expect the stock to reach $81 within the next 12 months. Otter Tail Corporation [NASDAQ: OTTR] shares were valued at $79.43 at the most recent close of the market. An investor can expect a potential return of 1.98% based on the average OTTR price forecast.
Analyzing the OTTR fundamentals
According to Otter Tail Corporation [NASDAQ:OTTR], the company’s sales were 1.34B for trailing twelve months, which represents an -5.59% plunge. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
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 78.34 points at the first support level, and at 77.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.04, and for the 2nd resistance point, it is at 80.64.
Ratios To Look Out For
It is important to note that Otter Tail Corporation [NASDAQ:OTTR] has a current ratio of 2.17. On the other hand, the Quick Ratio is 1.66, and the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 10.97.
Transactions by insiders
Recent insider trading involved Smestad Jennifer O., VP, General Council & Corp Sec, that happened on Aug 13 ’24 when 4000.0 shares were sold. Officer, Smestad Jennifer O. completed a deal on Aug 13 ’24 to buy 4000.0 shares. Meanwhile, VP, Human Resources KNUTSON PAUL L sold 4000.0 shares on May 24 ’24.
