Shares of IDACORP Inc (NYSE:IDA) have been assigned an average broker rating score of 3.25 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. IDACORP’s rating score has declined by 8.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $85.33 for the company and are expecting that the company will post $0.66 earnings per share for the current quarter, according to Zacks. Zacks has also given IDACORP an industry rank of 203 out of 265 based on the ratings given to its competitors.
Several research analysts have weighed in on IDA shares. ValuEngine raised shares of IDACORP from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America started coverage on shares of IDACORP in a report on Tuesday, January 9th. They issued an “underperform” rating and a $85.00 price target on the stock. KeyCorp reissued a “hold” rating on shares of IDACORP in a report on Friday, October 20th. Finally, Zacks Investment Research cut shares of IDACORP from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
IDACORP (NYSE:IDA) traded up $0.55 during trading on Monday, reaching $85.27. 184,200 shares of the company’s stock traded hands, compared to its average volume of 282,117. The company has a market cap of $4,269.30, a PE ratio of 20.75, a P/E/G ratio of 5.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.53 and a current ratio of 2.03. IDACORP has a 52-week low of $78.96 and a 52-week high of $100.04.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 5th will be issued a $0.59 dividend. The ex-dividend date is Friday, February 2nd. This represents a $2.36 annualized dividend and a yield of 2.77%. IDACORP’s dividend payout ratio is currently 57.42%.
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IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.
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