RBC Capital Lowers Black Hills Corp. Price Target to $53.00 (BKH)
Analysts at RBC Capital decreased their target price on shares of Black Hills Corp. (NYSE:BKH) from $56.00 to $53.00 in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 11.30% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Black Hills Corp. 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. from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. 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 given a hold rating to the stock. Black Hills Corp. has a consensus rating of “Hold” and an average price target of $50.04.
Black Hills Corp. (NYSE:BKH) traded down 1.83% during mid-day trading on Monday, hitting $47.62. The stock had a trading volume of 320,087 shares. Black Hills Corp. has a one year low of $33.51 and a one year high of $55.09. The stock has a 50-day moving average of $48.90 and a 200-day moving average of $48.56. The company has a market cap of $2.120 billion and a price-to-earnings ratio of 15.44.
Black Hills Corp. (NYSE:BKH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter 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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