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.

Investment analysts gave a few price targets for IDA. The highest price target was 88, which equates to a potential upside of 1.6 percent. The most pessimistic analyst gave a price target of 83, implying potential capital losses of -4.17 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates downwards for this quarter, by about -2.46 percent on average, compared to last month. That number becomes -10.7 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.38 percent, as compared to a month ago. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. 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.

Analysts estimate earnings of IDA to grow at a rate of -2.31 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. IDA has a PEG ratio of -9.17.

In the last 52-weeks, IDA has achieved a high of 90.67 and a low of 72.93. The current market price is above the trailing year's low by 18.76 percent, and below the high by 4.48 percent. 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's next earnings release will be on 0000-00-00, which is days away.