Mizuho Securities analyst Anthony Crowdell maintained a Buy rating on IdaCorp (IDA – Research Report) yesterday and set a price target of $119.00. The company’s shares closed last Wednesday at $113.81.
According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 5.6% and a 68.2% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Consolidated Edison, and Centerpoint Energy.
IdaCorp has an analyst consensus of Hold, with a price target consensus of $113.50.
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Based on IdaCorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $335 million and net profit of $32.8 million. In comparison, last year the company earned revenue of $316 million and had a net profit of $37.51 million.
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IDACORP, Inc. is a holding company, which engages in the generation, transmission, distribution, sale, and purchase of electric energy. The firm owns and operates hydroelectric plants on the Snake River and its tributaries. It operates through the following segments: Utilities Operations and Other. The Utilities Operations segment focuses in the production of electricity. The Others segment comprises of IFS’s investments in affordable housing developments and historic rehabilitation projects, Ida-West’s joint venture investments in small hydropower generation projects. The company was founded in 1915 and is headquartered in Boise, ID.
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