Wells Fargo & Co. Initiates Coverage on MDU Resources Group (MDU)
Equities researchers at Wells Fargo & Co. initiated coverage on shares of MDU Resources Group (NYSE:MDU) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
A number of other analysts have also recently weighed in on MDU. Analysts at DA Davidson reiterated a “buy” rating on shares of MDU Resources Group in a research note on Friday, May 2nd. They now have a $42.00 price target on the stock. Analysts at Davidson raised their price target on shares of MDU Resources Group from $38.00 to $42.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.86.
MDU Resources Group (NYSE:MDU) traded up 0.38% during mid-day trading on Thursday, hitting $34.19. The stock had a trading volume of 625,482 shares. MDU Resources Group has a 1-year low of $25.94 and a 1-year high of $36.05. The stock has a 50-day moving average of $33.78 and a 200-day moving average of $33.40. The company has a market cap of $6.551 billion and a price-to-earnings ratio of 23.20.
MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. On average, analysts predict that MDU Resources Group will post $1.62 earnings per share for the current fiscal year.
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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