The stock of Otter Tail Corporation (NASDAQ:OTTR) hit a new 52-week high and has $42.07 target or 8.00% above today’s $38.95 share price. The 8 months bullish chart indicates low risk for the $1.52B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $42.07 price target is reached, the company will be worth $121.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.10% or $0.8 during the last trading session, hitting $38.95. About 30,084 shares traded hands. Otter Tail Corporation (NASDAQ:OTTR) has risen 33.21% since April 22, 2016 and is uptrending. It has outperformed by 27.80% the S&P500.
Analysts await Otter Tail Corporation (NASDAQ:OTTR) to report earnings on February, 13. They expect $0.42 earnings per share, up 2.44% or $0.01 from last year’s $0.41 per share. OTTR’s profit will be $16.39 million for 23.18 P/E if the $0.42 EPS becomes a reality. After $0.37 actual earnings per share reported by Otter Tail Corporation for the previous quarter, Wall Street now forecasts 13.51% EPS growth.
According to Zacks Investment Research, “OTTER TAIL’s primary business is the production, transmission, distribution and sale of electric energy. The Company, through its subsidiaries, is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations.”
Insitutional Activity: The institutional sentiment increased to 1.97 in 2016 Q2. Its up 0.52, from 1.45 in 2016Q1. The ratio improved, as 10 funds sold all Otter Tail Corporation shares owned while 32 reduced positions. 17 funds bought stakes while 44 increased positions. They now own 13.79 million shares or 6.40% more from 12.96 million shares in 2016Q1.
National Planning accumulated 8,613 shares or 0.02% of the stock. Vanguard Grp last reported 3.04 million shares in the company. Jpmorgan Chase And has 0% invested in the company for 368 shares. Icon Advisers last reported 7,600 shares in the company. Invesco Ltd has 0% invested in the company for 42,576 shares. Parametric Port Associate Llc last reported 0% of its portfolio in the stock. Evercore Wealth Mngmt Ltd Company has invested 0% of its portfolio in Otter Tail Corporation (NASDAQ:OTTR). Morgan Stanley has invested 0% of its portfolio in Otter Tail Corporation (NASDAQ:OTTR). Sei Invs holds 181 shares or 0% of its portfolio. Fifth Third Savings Bank has 700 shares for 0% of their US portfolio. Raymond James Fincl Svcs Advsrs last reported 0.01% of its portfolio in the stock. Blackrock Inv Management Ltd Llc reported 155,596 shares or 0.01% of all its holdings. Blackrock Advisors Ltd accumulated 18,003 shares or 0% of the stock. Horizon Investment Services Ltd Liability Company last reported 21,046 shares in the company. Bridgeway Mgmt Incorporated has 77,700 shares for 0.04% of their US portfolio.
More recent Otter Tail Corporation (NASDAQ:OTTR) news were published by: Quotes.Wsj.com which released: “News Otter Tail Corp.OTTR” on February 11, 2011. Also Streetinsider.com published the news titled: “Otter Tail Corp (OTTR) Misses Q3 Views; Reaffirms” on November 02, 2016. Dividend.com‘s news article titled: “Otter Tail Corp (OTTR)” with publication date: August 05, 2008 was also an interesting one.
OTTR Company Profile
Otter Tail Corporation, incorporated on June 17, 2009, is a holding company. The Company, through its subsidiaries, operates through three divisions: Electric, Manufacturing and Plastics. The Firm is engaged in the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota. The Company’s subsidiaries own facilities and equipment used in the manufacture of producing polyvinyl chloride (PVC) pipe, thermoformed products, heavy metal fabricated products, metal parts stamping, fabricating, painting and contract machining.
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