Otter Tail Corp. Rating Increased to Outperform at Zacks (OTTR)
Otter Tail Corp. (NASDAQ:OTTR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a $34.20 price target on the stock. Zacks‘ price target points to a potential upside of 16.21% from the stock’s previous close.
Shares of Otter Tail Corp. (NASDAQ:OTTR) traded up 2.44% during mid-day trading on Thursday, hitting $30.035. 64,085 shares of the company’s stock traded hands. Otter Tail Corp. has a 1-year low of $25.84 and a 1-year high of $31.88. The stock’s 50-day moving average is $28.45 and its 200-day moving average is $28.62. The company has a market cap of $1.087 billion and a P/E ratio of 21.11.
Otter Tail Corp. (NASDAQ:OTTR) last released its earnings data on Monday, February 10th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.05. Analysts expect that Otter Tail Corp. will post $1.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from Otter Tail Corp.’s previous quarterly dividend of $0.30.
Otter Tail Corporation is a holding company operating through its subsidiaries. It operates in five segments.
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