IDACORP Lowered to “Neutral” at Zacks (IDA)
IDACORP (NYSE:IDA) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $55.90 price target on the stock. Zacks‘s price target would suggest a potential upside of 4.76% from the stock’s previous close.
In other IDACORP news, Insider Patrick A. Harrington unloaded 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $55.05, for a total transaction of $110,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of IDACORP (NYSE:IDA) traded down 0.21% during mid-day trading on Wednesday, hitting $53.36. The stock had a trading volume of 179,654 shares. IDACORP has a one year low of $45.62 and a one year high of $56.65. The stock’s 50-day moving average is $54.99 and its 200-day moving average is $53.36. The company has a market cap of $2.684 billion and a price-to-earnings ratio of 15.33.
IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.09. During the same quarter in the previous year, the company posted $0.67 earnings per share. Analysts expect that IDACORP will post $3.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, May 2nd.
IDACORP, Inc (NYSE:IDA) is a holding company.
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