BofA Securities has recently raised Mdu Resources Group Inc (MDU) stock to Buy rating, as announced on Today, according to Finviz. Earlier, on November 4, 2024, Siebert Williams Shank had raised the stock from a Hold to Buy, setting a price target of $19. BofA Securities also reduced Neutral rating with a price target of $31. Additionally, Argus raised Buy rating on May 20, 2024, with a target price of $30. BofA Securities analysts, in their report published on June 1, 2023, also raised Buy rating for Mdu Resources Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Mdu Resources Group Inc (MDU) Stock Trading Recap
On Tuesday, Mdu Resources Group Inc (MDU) stock saw a modest uptick, ending the day at $16.46 which represents a slight increase of $1.03 or 6.68% from the prior close of $15.43. The stock opened at $15.54 and touched a low of $15.5 during the day, reaching a high of $16.51. The volume of shares traded was 6.87 million exceeding the average volume of 3.86 million.
MDU Stock Performance and Moving Averages
In recent trading, Mdu Resources Group Inc (MDU) stock price has shown some volatility, fluctuating 1.84% over the last five trades and 8.33% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 17.03%, and it has gained 16.94% in the previous three months. Currently, MDU is trading at 3.01%, 8.57%, and 19.89% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MDU, a Industrials sector stock, is trading -2.60% below its 52-week high but remains 64.78% above its 52-week low. The Average True Range (ATR) (14 days) of 0.51 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Mdu Resources Group Inc’s Profitability and Valuation Ratios
Mdu Resources Group Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 10.26% and a profit margin of 9.25%, with a gross margin of 17.03%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Mdu Resources Group Inc’s market capitalization stands at $3.36 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 8.26, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 17.59. Additionally, the Price-to-Sales Ratio is 0.76, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.11, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.82% of Mdu Resources Group Inc (MDU)’s shares, while financial institutions hold 74.06%.
