IDACORP Stock Rating Reaffirmed by Ladenburg Thalmann (IDA)
IDACORP (NYSE:IDA)‘s stock had its “neutral” rating reiterated by analysts at Ladenburg Thalmann in a research report issued to clients and investors on Tuesday. They currently have a $53.00 price objective on the stock, down from their previous price objective of $54.00. Ladenburg Thalmann’s price objective indicates a potential downside of 0.08% from the company’s current price.
Shares of IDACORP (NYSE:IDA) traded down 0.40% on Tuesday, hitting $52.83. 37,882 shares of the company’s stock traded hands. IDACORP has a 1-year low of $45.62 and a 1-year high of $58.79. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $54.77. The company has a market cap of $2.656 billion and a price-to-earnings ratio of 15.42.
IDACORP (NYSE:IDA) last released its earnings data on Thursday, July 31st. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.05. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, analysts predict that IDACORP will post $3.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Tuesday, August 5th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, August 1st.
IDACORP, Inc (NYSE:IDA) is a holding company.
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