At the time of writing, Black Hills Corporation [BKH] stock is trading at $59.29, up 0.41%. 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 BKH shares have gain 1.75% over the last week, with a monthly amount glided 9.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Black Hills Corporation [NYSE: BKH] stock has seen the most recent analyst activity on November 21, 2023, when Mizuho upgraded its rating to a Neutral but kept the price target unchanged to $53 for it. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on February 10, 2023, and dropped its price target to $68. On February 09, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $67 on the stock. Mizuho downgraded its rating to a Underperform and decreased its price target to $60 on February 09, 2023. Scotiabank downgraded its rating to a Sector Perform but $67 remained the price target by the analyst firm on February 08, 2023. BofA Securities downgraded its rating to Neutral for this stock on October 13, 2022, and downed its price target to $66. In a note dated May 06, 2022, Mizuho downgraded an Neutral rating on this stock and boosted its target price from $71 to $76.
For the past year, the stock price of Black Hills Corporation fluctuated between $46.43 and $60.85. Currently, Wall Street analysts expect the stock to reach $57 within the next 12 months. Black Hills Corporation [NYSE: BKH] shares were valued at $59.29 at the most recent close of the market. An investor can expect a potential drop of -3.86% based on the average BKH price forecast.
Analyzing the BKH fundamentals
According to Black Hills Corporation [NYSE:BKH], the company’s sales were 2.14B for trailing twelve months, which represents an -21.14% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.48, Equity is 0.09 and Total Capital is -1.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
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 58.53 points at the first support level, and at 57.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.81, and for the 2nd resistance point, it is at 60.33.
Ratios To Look Out For
It is important to note that Black Hills Corporation [NYSE:BKH] has a current ratio of 0.73. Further, the Quick Ratio stands at 0.61. Considering the valuation of this stock, the price to sales ratio is 1.91, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 14.59.
Transactions by insiders
Recent insider trading involved Roberts Rebecca B, Director, that happened on May 30 ’24 when 3094.0 shares were sold.
