Out of 3 analysts covering MDU Resources (NYSE:MDU), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $26 is the highest target while $16 is the lowest. The $20.33 average target is -20.77% below today’s ($25.66) stock price. MDU Resources has been the topic of 4 analyst reports since November 4, 2015 according to StockzIntelligence Inc. Argus Research upgraded the stock on May 31 to “Buy” rating. Below is a list of MDU Resources Group Inc (NYSE:MDU) latest ratings and price target changes.
31/05/2016 Broker: Argus Research Old Rating: Hold New Rating: Buy New Target: $26.00 Upgrade
The stock increased 1.22% or $0.31 during the last trading session, hitting $25.66. MDU Resources Group Inc (NYSE:MDU) has risen 40.60% since February 25, 2016 and is uptrending. It has outperformed by 29.35% the S&P500.
MDU Resources Group, Inc. is a diversified natural resource company. The company has a market cap of $4.99 billion. The Company’s divisions include Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services and Refining. It has a 34.37 P/E ratio. Montana-Dakota Utilities Co. is a public utility division of the Company.
Insitutional Activity: The institutional sentiment increased to 1.6 in 2016 Q2. Its up 0.09, from 1.51 in 2016Q1. The ratio increased, as 24 funds sold all MDU Resources Group Inc shares owned while 70 reduced positions. 46 funds bought stakes while 104 increased positions. They now own 121.51 million shares or 1.38% more from 119.86 million shares in 2016Q1.
Stockman Asset Management holds 3.41% of its portfolio in MDU Resources Group Inc for 181,495 shares. Sprucegrove Investment Management Ltd owns 2.98 million shares or 2.94% of their US portfolio. Moreover, Heartland Advisors Inc has 2.77% invested in the company for 2.05 million shares. The Maryland-based Montgomery Investment Management Inc has invested 2.52% in the stock. Stanley, a Alabama-based fund reported 263,632 shares.
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