Idacorp, Inc. [IDA] stock prices are up 0.66% to $91.66 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IDA shares have lost -0.35% over the last week, with a monthly amount glided 0.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Idacorp, Inc. [NYSE: IDA] stock has seen the most recent analyst activity on March 13, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $92. Previously, Guggenheim downgraded its rating to Neutral on January 22, 2024, and kept the price target unchanged to $93. On October 27, 2023, Guggenheim initiated with a Buy rating and assigned a price target of $104 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $99 on October 23, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $107 on April 04, 2023. BofA Securities downgraded its rating to Neutral for this stock on November 07, 2022, and downed its price target to $103. In a note dated May 03, 2022, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $108 to $110.
The stock price of Idacorp, Inc. [IDA] has been fluctuating between $86.43 and $112.96 over the past year. Currently, Wall Street analysts expect the stock to reach $92 within the next 12 months. Idacorp, Inc. [NYSE: IDA] shares were valued at $91.66 at the most recent close of the market. An investor can expect a potential return of 0.37% based on the average IDA price forecast.
Analyzing the IDA fundamentals
The Idacorp, Inc. [NYSE:IDA] reported sales of 1.77B for trailing twelve months, representing a surge of 0.60%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.97.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.78 points at the first support level, and at 89.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.19, and for the 2nd resistance point, it is at 92.72.
Idacorp, Inc. [IDA] reported earnings per share of $0.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.6/share, meaning a difference of $0.01 and a surprise factor of 1.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.07 per share as compared to estimates of $1.98 per share, a difference of $0.09 representing a surprise of 4.50%.
Ratios To Look Out For
It’s worth pointing out that Idacorp, Inc. [NYSE:IDA]’s Current Ratio is 1.58. Further, the Quick Ratio stands at 1.33, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 17.82.
Transactions by insiders
Recent insider trading involved Malmen Jeffrey L, SVP of Public Affairs, that happened on Sep 14 ’23 when 1463.0 shares were sold. VP of Plan, Eng, & Const (IPC), Colburn Mitchel D completed a deal on Jun 02 ’23 to sell 123.0 shares.
