Stock To Watch: IDACORP, Inc. (NYSE:IDA)


The leading market experts have placed a mean price target of $71.00 on IDACORP, Inc. (NYSE:IDA) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.93 a share for the upcoming quarter and $3.89 for the current fiscal. Technical View The technical analysis of IDACORP, Inc. Common Stock plainly substantiates that the 50-day moving average of IDACORP, Inc. Common Stock is $74.46, and stock is hovering 6.98 or +9.38% distant from $74.46. It is noted that the 200-day MA is $71.97, and IDACORP, Inc. Common Stock stock is $9.47 or +13.16% off from this point. IDACORP, Inc. (NYSE:IDA) 52-week high is $83.40 and the 52-week low is $56.49. This explains if the stock moves $-1.96, it will post a 52-week high. In event of $+44.17% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of IDACORP, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, IDACORP, Inc. (NYSE:IDA) ratio came in at 20.83. The stock last ended the trading session at $81.44 and registered a market cap of $4.11B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. IDACORP, Inc. (NYSE:IDA) PEG ratio is at 5.24.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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