Analyst Ratings for IDACORP Inc. (IDA)Updated: 2017-07-26
Shares of IDACORP Inc. (NYSE:IDA) have received a consensus rating of Hold from Wall Street analysts. About 30 days ago, IDA was issued an average rating of Hold.
0 analysts declared IDA a buy, 0 issued an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
IDA was given price targets by several analysts. The most optimistic price target was 88, implying a possible profit of 1.6 percent. The most pessimistic analyst gave a price target of 83, which equates to a potential downside of -4.17 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.46 percent. The average change in earnings estimates over the last 90 days is -10.7 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.38 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
The growth rate of IDA's earnings is estimated by analysts to be -2.31 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of IDA is -9.17.
In the trailing 52-weeks, IDA hit 90.67 at the highest peak, while it's lowest trading point was 72.93. Today's price is 18.76 percent above the 52-week low, and 4.48 percent below the high. IDA has a P/E ratio of 21.18. Investors typically compare the P/E ratio to a company's peers in the industry. The IDA value stock report compares IDA to some of its peers using value stock charts. The market cap of IDA is $4.37 billion. IDA will post this quarters earnings in days, on 0000-00-00.