While Idacorp, Inc has overperformed by 0.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IDA rose by 17.99%, with highs and lows ranging from $120.42 to $86.43, whereas the simple moving average jumped by 8.44% in the last 200 days.
On November 05, 2024, BofA Securities Upgraded Idacorp, Inc (NYSE: IDA) to Buy. A report published by Mizuho on November 01, 2024, Upgraded its rating to ‘Outperform’ for IDA. Jefferies also rated IDA shares as ‘Hold’, setting a target price of $110 on the company’s shares in an initiating report dated September 20, 2024. BofA Securities Initiated an Neutral rating on September 12, 2024, and assigned a price target of $110. Morgan Stanley initiated its ‘Equal-Weight’ rating for IDA, as published in its report on March 13, 2024. Guggenheim’s report from January 22, 2024 suggests a price prediction of $93 for IDA shares, giving the stock a ‘Neutral’ rating. Guggenheim also rated the stock as ‘Buy’.
Analysis of Idacorp, Inc (IDA)
A return on investment can be expected regardless of IDA’s performance over the next quarter with the dividend set at $3.35 per share. Further, the quarter-over-quarter increase in sales is 3.31%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Idacorp, Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 9.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.34, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and IDA is recording an average volume of 348.04K. On a monthly basis, the volatility of the stock is set at 1.88%, whereas on a weekly basis, it is put at 1.96%, with a gain of 3.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $117.88, showing growth from the present price of $110.32, which can serve as yet another indication of whether IDA is worth investing in or should be passed over.
How Do You Analyze Idacorp, Inc Shares?
A leading company in the Utilities – Regulated Electric sector, Idacorp, Inc (IDA) is based in the USA. When comparing Idacorp, Inc shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.43, there is a growth in quarterly earnings of 2.51%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.46%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IDA shares are owned by institutional investors to the tune of 84.96% at present.
