At the time of writing, Idacorp, Inc [IDA] stock is trading at $118.37, up 1.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The IDA shares have gain 8.08% over the last week, with a monthly amount glided 15.37%, 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 November 05, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $117 from $113. Previously, Mizuho upgraded its rating to Outperform on November 01, 2024, and elevated its price target to $116. On September 20, 2024, Jefferies initiated with a Hold rating and assigned a price target of $110 on the stock. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $92 as its price target on March 13, 2024. Guggenheim downgraded its rating to Neutral for this stock on January 22, 2024, but kept the price target unchanged to $93. In a note dated October 27, 2023, Guggenheim initiated an Buy rating and provided a target price of $104 on this stock.
For the past year, the stock price of Idacorp, Inc fluctuated between $86.43 and $117.26. Currently, Wall Street analysts expect the stock to reach $107 within the next 12 months. Idacorp, Inc [NYSE: IDA] shares were valued at $118.37 at the most recent close of the market. An investor can expect a potential drop of -9.61% based on the average IDA price forecast.
Analyzing the IDA fundamentals
According to Idacorp, Inc [NYSE:IDA], the company’s sales were 1.85B for trailing twelve months, which represents an 3.31% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, 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 0.33, Equity is 0.09 and Total Capital is 1.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
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 117.41 points at the first support level, and at 116.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.30, and for the 2nd resistance point, it is at 120.22.
Ratios To Look Out For
It is important to note that Idacorp, Inc [NYSE:IDA] has a current ratio of 1.70. On the other hand, the Quick Ratio is 1.34, and the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 3.41, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 21.92.
Transactions by insiders
Recent insider trading involved Hanchey James Bo D, VP of Cust Op & CSO (IPC), that happened on May 23 ’24 when 1500.0 shares were sold.
