MDU Resources Group Now Covered by Ameriprise Financial (MDU)
Equities research analysts at Ameriprise Financial started coverage on shares of MDU Resources Group (NYSE:MDU) in a research note issued to investors on Monday, Analyst RN reports. The firm set a “buy” rating on the stock.
Shares of MDU Resources Group (NYSE:MDU) traded down 0.75% on Monday, hitting $27.78. 228,359 shares of the company’s stock traded hands. MDU Resources Group has a 52 week low of $19.59 and a 52 week high of $30.21. The stock’s 50-day moving average is $27.34 and its 200-day moving average is $26.44. The company has a market cap of $5.246 billion and a price-to-earnings ratio of 499.82.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis.
A number of other analysts have also recently weighed in on MDU. Analysts at Howard Weil raised their price target on shares of MDU Resources Group from $26.00 to $31.00 in a research note to investors on Wednesday, August 7th. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of MDU Resources Group from $23.00 to $29.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at KeyCorp raised their price target on shares of MDU Resources Group to $34.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.43.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE:MDU) is a public utility division of the Company.
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