Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $80.00 on IDACORP, Inc. (NYSE:IDA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.89 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of IDACORP, Inc. (NYSE:IDA) stands at 20.54.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For IDACORP, Inc. Common Stock, the PEG ratio for coming 3-5 years is 4.98.
The technical analysis highlights that IDACORP, Inc. Common Stock current is trading $-2.31 points away or -2.93% from its 50-day moving average of $78.73. Further it is trading $1.18 or +1.56% away its 200-day moving average of $75.24.
The 52-week high of IDACORP, Inc. (NYSE:IDA) was $83.40 while lowest point recorded in 52-week was $57.23. It implies if stock price makes a movement of over $-6.98, it will record a new 52-week high. In the case of +33.53% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know