News headlines about Otter Tail (NASDAQ:OTTR) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Otter Tail earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 47.7311222282895 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
- Otter Tail (OTTR) Cut to Hold at BidaskClub (americanbankingnews.com)
- Otter Tail Co. (OTTR) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Otter Tail (OTTR) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Otter Tail Corporation held its 108th Annual Meeting of Shareholders (feeds.benzinga.com)
- Otter Tail (OTTR) Downgraded by Zacks Investment Research (americanbankingnews.com)
Shares of OTTR opened at $42.75 on Friday. Otter Tail has a one year low of $36.45 and a one year high of $48.65. The stock has a market capitalization of $1,686.11, a price-to-earnings ratio of 22.98 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.93 and a debt-to-equity ratio of 0.70.
OTTR has been the subject of several recent analyst reports. Sidoti cut shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 target price for the company. in a report on Monday, January 8th. BidaskClub cut shares of Otter Tail from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Otter Tail from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, March 7th. Finally, Williams Capital reiterated a “hold” rating and issued a $42.00 target price (up from $41.00) on shares of Otter Tail in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating, Otter Tail currently has a consensus rating of “Hold” and an average target price of $44.33.
In related news, CFO Kevin G. Moug sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $40.55, for a total transaction of $60,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.
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About Otter Tail
Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc markets.
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