An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, OTTR info will be updated daily in your Zacks.com Portfolio Tracker – also free.
On average, they predict the company’s stock price to reach $71.50 in the next twelve months. View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts. Otter Tail Corporation, what is other comprehensive income together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. This segment generates electricity through coal, wind and hydro, and natural gas.
Otter Tail downgraded to sector weight from overweight at KeyBanc Capital
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. One share of OTTR stock can currently be purchased for approximately $75.94.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 Wall Street analysts have issued 1-year price targets for Otter Tail’s stock.
Earnings Preview For Otter Tail
- Since then, OTTR shares have increased by 29.3% and is now trading at $75.94.
- As an investor, you want to buy stocks with the highest probability of success.
- Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States.
- The majority of the company’s revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.
- The scores are based on the trading styles of Value, Growth, and Momentum.
- SAN FRANCISCO (MarketWatch) — With stakes in energy, railroads, communications and hotels offsetting his massive technology-sector exposure, Bill Gates can teach investors a thing or two about portfolio diversification.
The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company’s revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well. Ted Parrish, co-manager of the Henssler Equity fund says investors should be looking to move towards financials and consumer discretionary stocks – and away from energy – so that they get into those beaten-down sectors …
Otter Tail (OTTR)
The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023. Otter Tail’s stock was trading at $58.71 at the beginning of the year. Since then, OTTR shares have increased by 29.3% and is now trading at $75.94. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
- View analysts price targets for OTTR or view top-rated stocks among Wall Street analysts.
- One share of OTTR stock can currently be purchased for approximately $75.94.
- But with the market not in much of a giving mood, regular cash dividends …
- After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
- The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Data may be intentionally delayed pursuant to supplier requirements. NEW YORK (MarketWatch) — Stock dividends fell out of fashion in recent years as investors focused on shares that offered more capital appreciation. But with the market not in much of a giving mood, regular cash dividends … Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.438 per share on Friday, September 8th.
Otter Tail Corp.
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. OTTR’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The technique has proven to be very useful for finding positive surprises.
2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Otter Tail in the last twelve months. The consensus among Wall Street research analysts is that investors should “reduce” https://1investing.in/ OTTR shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
OTTR’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. SAN FRANCISCO (MarketWatch) — With stakes in energy, railroads, communications and hotels offsetting his massive technology-sector exposure, Bill Gates can teach investors a thing or two about portfolio diversification. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 9 employees have rated Otter Tail Chief Executive Officer Nathan I. Partain on Glassdoor.com. Nathan I. Partain has an approval rating of 78% among the company’s employees.
In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
It serves approximately residential, commercial, and industrial customers. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.