In yesterday’s Wall Street session, Idacorp, Inc (NYSE:IDA) shares traded at $118.74, up 0.72% from the previous session.
IDA stock price is now 10.35% away from the 50-day moving average and 20.89% away from the 200-day moving average. The market capitalization of the company currently stands at $6.33B.
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With the price target enhanced from $113 to $117, BofA Securities Upgraded its rating from Neutral to Buy for Idacorp, Inc (NYSE: IDA). On November 01, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $102 to quote $116, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Hanchey James Bo D, VP of Cust Op & CSO (IPC) sold 1,500 shares of the company’s stock on May 23 ’24. The stock was sold for $142,632 at an average price of $95.09. Upon completion of the transaction, the VP of Cust Op & CSO (IPC) now directly owns 1,650 shares in the company, valued at $0.2 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Idacorp, Inc has had a low of $86.43 and a high of $120.42. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.70, and a quick ratio of 1.34. According to the stock market information, the enterprise value for the company is $9028768768, which is based on a 21.99 price-to-earnings ratio, a 2.65 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for IDA is $107.2926 and a two-hundred day moving average price translates $98.05895 for the stock.
The latest earnings results from Idacorp, Inc (NYSE: IDA) was released for 2024-09-30. The net profit margin was 15.30% and return on equity was 9.13% for IDA. The company reported revenue of $528.53 million for the quarter, compared to $510.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.45 percent. For the current quarter, analysts expect IDA to generate $306.04M in revenue.
