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Otter Tail (OTTR) Gets a Buy Rating from Maxim Group

Maxim Group analyst Tate Sullivan maintained a Buy rating on Otter Tail (OTTRResearch Report) yesterday and set a price target of $95.00. The company’s shares closed last Wednesday at $75.30, close to its 52-week high of $78.83.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 15.1% and a 42.5% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Seanergy Maritime, and Globus Maritime.

Otter Tail has an analyst consensus of Hold, with a price target consensus of $79.50.

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Based on Otter Tail’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $375 million and net profit of $72 million. In comparison, last year the company earned revenue of $262 million and had a net profit of $30.33 million.

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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. The Manufacturing segment offers contract machining, metal parts stamping, fabrication, handling trays, and horticultural containers. The Plastics segment produces polyvinyl chloride pipes. The company was founded in 1907 and is headquartered in Fergus Falls, MN.

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