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 potential capital gains of 1.6 percent. The most pessimistic price target was 83, implying potential capital losses of -4.17 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.46 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -10.7 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.38 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 1 analysts decreased their 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 people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, 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.
IDA has a 52-week high of 90.67 and a 52-week low of 72.93. Currently the stock is 18.76 percent higher than its low, and 4.48 percent below the high. IDA has a price/earnings 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 stock has a market capitalization of $4.37 billion. IDA's next earnings release will be on 0000-00-00, which is days away.