IDACORP Upgraded by Zacks to “Outperform” (IDA)
IDACORP (NYSE:IDA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm currently has a $55.90 target price on the stock. Zacks‘s price target would indicate a potential upside of 3.86% from the company’s current price.
IDACORP (NYSE:IDA) traded up 0.86% during mid-day trading on Monday, hitting $53.82. 127,480 shares of the company’s stock traded hands. IDACORP has a 1-year low of $45.62 and a 1-year high of $56.65. The stock has a 50-day moving average of $54.96 and a 200-day moving average of $53.37. The company has a market cap of $2.707 billion and a price-to-earnings ratio of 15.30.
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 declared a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Friday, May 2nd.
In other IDACORP news, Insider Patrick A. Harrington unloaded 2,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $55.05, for a total transaction of $110,100.00. The sale was disclosed in a filing with the SEC, which is available at this link.
IDACORP, Inc (NYSE:IDA) is a holding company.
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