A share price of Black Hills Corporation [BKH] is currently trading at $60.65, up 1.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BKH shares have gain 2.00% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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.
Black Hills Corporation experienced fluctuations in its stock price throughout the past year between $50.72 and $65.59. Currently, Wall Street analysts expect the stock to reach $57 within the next 12 months. Black Hills Corporation [NYSE: BKH] shares were valued at $60.65 at the most recent close of the market. An investor can expect a potential drop of -6.02% based on the average BKH price forecast.
Analyzing the BKH fundamentals
Trailing Twelve Months sales for Black Hills Corporation [NYSE:BKH] were 2.13B which represents 0.91% growth. Gross Profit Margin for this corporation currently stands at 0.4% 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 0.03, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.
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 60.16 points at the first support level, and at 59.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.24, and for the 2nd resistance point, it is at 61.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Black Hills Corporation [NYSE:BKH] is 0.97. As well, the Quick Ratio is 0.77, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 15.48.
Transactions by insiders
Recent insider trading involved Roberts Rebecca B, Director, that happened on May 30 ’24 when 3094.0 shares were sold.
