MDU Resources Group Price Target Raised to $35.00 at Barclays (MDU)
Feb 6th, 2014
MDU Resources Group (NYSE:MDU) had its price target increased by Barclays from $31.00 to $35.00 in a research report sent to investors on Wednesday morning, AR Network reports. The firm currently has an equal weight rating on the stock.
MDU Resources Group (NYSE:MDU) traded up 0.69% on Wednesday, hitting $32.10. 37,430 shares of the company’s stock traded hands. MDU Resources Group has a one year low of $23.06 and a one year high of $32.27. The stock has a 50-day moving average of $30.74 and a 200-day moving average of $29.2. The company has a market cap of $6.061 billion and a price-to-earnings ratio of 47.87.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 million. During the same quarter last year, the company posted $0.40 earnings per share. MDU Resources Group’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that MDU Resources Group will post $1.59 earnings per share for the current fiscal year.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE:MDU) is a public utility division of the Company.