MDU Resources Group Inc. (NYSE:MDU) currently has a daily average trading volume of 1.04M but it saw 1508825 shares traded on Wednesday. With a market cap of 5.89B USD, stock’s current market price of $29.26 came falling about -1.35 while comparing to the previous closing price of $29.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.53 and as low as $25.21. In the recent trading on the day, stock has struck highest price mark of $29.65 while lowest mark touched by it was $29.105.
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Taking a look at 20-day trading activity of MDU Resources Group Inc. (MDU) gives us an average price of $29.14, while its current price level is -10.05% below from 52-week high level whereas it is 16.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $29.46 while that of 200 days or SMA-200 reads an average of $29.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.59% during that period while stretching the period over a month that increases to 1.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.83 which implies that the stock is in neutral territory.
MDU Resources Group Inc. (MDU)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $29.00 and $39.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $29.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $39.00. Average price target assigned by them is $33.75 which highlights an upside potential of 13.3% for the stock over that period. And to attain the median price target of $33.50 assigned by those analysts, stock has to add about 12.66% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, MDU’s stock price is moving 0.86% up while it is 0.34% when we observe its performance for the past one month. Year-to-date it is -3.56% down and over the past year, the stock is showing an upside performance of 9.10%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.23 beat the consensus estimate of $0.2 for the same. The company is expected to be releasing its next quarterly report in 08/01/2023, for which analysts forecasted an EPS of $0.5 while estimate for next year EPS is $2.15. For MDU, analysts are forecasting an EPS-growth rate of 18.80% for current year and estimate for EPS growth in next year is 9.30%. In next quarter, company is expected to be making quarterly sales of $2.02 billion as analysts are expecting the sales for current fiscal year at $7.12 billion and seeing the company making $7.29 billion in sales next year. Moreover, analysts are in estimates of $1.73 billion for current-quarter revenue.
Currently, MDU Resources Group Inc.’s total number of outstanding shares is 203.38M with 0.96% of that held by the insiders while 73.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.20% and return on equity (ROE) at 10.60%. It has a price to earnings ratio (P/E ratio) of 16.21 while having a 12.45 of forward P/E ratio. Stock’s beta reads 0.76. Stock has a price to book (P/B) ratio of 1.66 while price to sale or P/S ratio amounts to 0.84. Its return on asset (ROA) is 3.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Dividend ETF came shrinking its share ownership by -0.08% in the MDU Resources Group Inc. (MDU) decreasing its stake to 3.73% with control over 6261.0 shares in the company. As per SEC documents, SPDR S&P Dividend ETF sought 7,602,260 of company’s common stock of worth $222.14 million as per recent closing price of the stock. SPDR S&P Dividend ETF is not the only institutional holder which restructured its stake in MDU Resources Group Inc., as iShares Core S&P Mid Cap ETF picked 6,345,616 shares of worth $185.42 million to bring its holdings to a total of 22667.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 0.03% in the company and now holds 6.32 million or 3.10% of the company’s stake having worth of about 184.59 million.
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