Black Hills Corp. Lowered to Neutral at Zacks (BKH)
Black Hills Corp. (NYSE:BKH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $63.50 price target on the stock. Zacks‘s price objective points to a potential upside of 7.68% from the company’s current price.
Shares of Black Hills Corp. (NYSE:BKH) traded down 0.32% during mid-day trading on Monday, hitting $58.78. 195,949 shares of the company’s stock traded hands. Black Hills Corp. has a 1-year low of $46.62 and a 1-year high of $62.13. The stock has a 50-day moving average of $58.4 and a 200-day moving average of $56.33. The company has a market cap of $2.623 billion and a P/E ratio of 21.82.
Black Hills Corp. (NYSE:BKH) last released its earnings data on Thursday, May 1st. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.17. The company had revenue of $460.10 million for the quarter, compared to the consensus estimate of $396.00 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Black Hills Corp. will post $2.74 EPS for the current fiscal year.
Separately, analysts at RBC Capital raised their price target on shares of Black Hills Corp. from $55.00 to $59.00 in a research note on Tuesday, May 6th. They now have a “sector perform” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Black Hills Corp. currently has an average rating of “Hold” and an average price target of $53.08.
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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