Black Hills Corp.’s Hold Rating Reaffirmed at RBC Capital (BKH)
Black Hills Corp. (NYSE:BKH)‘s stock had its “hold” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Friday, StockRatingsNetwork reports. They currently have a $56.00 price target on the stock. RBC Capital’s price target points to a potential upside of 15.44% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets cut their price target on shares of Black Hills Corp. (NYSE:BKH) from $56.00 to $52.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Black Hills Corp. (NYSE:BKH) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.47.
Shares of Black Hills Corp. (NYSE:BKH) traded down 1.12% on Friday, hitting $48.51. 154,681 shares of the company’s stock traded hands. Black Hills Corp. has a one year low of $33.51 and a one year high of $55.09. The stock’s 50-day moving average is $48.90 and its 200-day moving average is $48.56. The company has a market cap of $2.160 billion and a price-to-earnings ratio of 15.62.
Black Hills Corp. (NYSE:BKH) last announced its earnings results on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.01. The company had revenue of $279.80 million for the quarter, compared to the consensus estimate of $285.94 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Black Hills Corp. will post $2.33 earnings per share for the current fiscal year.
Black Hills Corporation is a diversified energy company. The Company operates with two major business groups: Utilities and Non-regulated Energy.
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