In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Otter Tail Corp (OTTR), with a price target of $60. The company’s shares opened today at $52.36.
Sullivan observed:
“We maintain our annual EPS estimates after OTTR earlier this week reported 2Q19 EPS of $0.39, below our $0.48 forecast and the other analyst estimate of $0.48.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 2.6% and a 56.5% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.
Currently, the analyst consensus on Otter Tail Corp is a Moderate Buy with an average price target of $60.
See today’s analyst top recommended stocks >>
Based on Otter Tail Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $15.43 million. In comparison, last year the company had a net profit of $18.7 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Otter Tail Corp. is a holding company, which engages in the energy, infrastructure, and production businesses. It operates through the following segments: Electric, Manufacturing, and Plastics. The Electric segment generates, transmits, and distributes power and electric energy.
