MDU Resources Group (NYSE:MDU) Stock Bumped Up to "Buy" by Freedom Broker

Key Points

• Freedom Broker upgraded MDU Resources to “Buy” from “Hold” and raised its price target to $23 from $21, implying 18.28% upside from the prior close.
• Analyst sentiment remains mixed: MDU has an average “Hold” rating and a consensus price target of $23.60, with three Buy and four Hold ratings.
• Quarterly EPS of $0.08 missed the $0.10 consensus estimate, while revenue of $347.75 million topped expectations and rose 10.4% year over year.

MDU Resources Group (NYSE:MDU - Get Free Report) was upgraded by equities research analysts at Freedom Broker from a "hold" rating to a "buy" rating in a research note issued on Thursday, FinViz reports. The firm currently has a $23.00 target price on the utilities provider's stock, up from their prior target price of $21.00. Freedom Broker's price objective indicates a potential upside of 18.28% from the company's previous close.

Several other research firms have also issued reports on MDU. JPMorgan Chase & Co. upgraded MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price objective for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of MDU Resources Group from a "sell" rating to a "hold" rating in a research report on Saturday, November 7th. Finally, Weiss Ratings raised shares of MDU Resources Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, MDU Resources Group currently has an average rating of "Hold" and a consensus price target of $23.60.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $19.45 on Thursday. The business has a 50 day moving average price of $19.03 and a 200 day moving average price of $20.52. MDU Resources Group has a twelve month low of $18.14 and a twelve month high of $22.98. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.56 and a beta of 0.66. The company has a quick ratio of 0.95, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). MDU Resources Group had a return on equity of 6.68% and a net margin of 10.33%. The business had revenue of $347.75 million during the quarter, compared to the consensus estimate of $346.63 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts predict that MDU Resources Group will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC raised its stake in shares of MDU Resources Group by 315.6% during the third quarter. Elevation Wealth Partners LLC now owns 1,683 shares of the utilities provider's stock worth $31,000 after buying an additional 1,278 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at $39,000. Allworth Financial LP bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at $43,000. Global Retirement Partners LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter valued at $55,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of MDU Resources Group in the 3rd quarter valued at $54,000. Institutional investors own 71.44% of the company's stock.

About MDU Resources Group

MDU Resources Group is an energy delivery company that provides regulated electric and natural gas service and operates natural gas transmission infrastructure. Its utility businesses serve residential, commercial, industrial and other customers across parts of the northwestern and north-central United States. The company's service area includes Montana, North Dakota, South Dakota, Wyoming, Idaho, Oregon, Washington and Minnesota. Its natural gas pipeline operations transport and store gas, supporting the delivery of energy to customers and communities.

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