Press coverage about IDACORP (NYSE:IDA) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. IDACORP earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the coal producer an impact score of 46.1920831814318 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of IDACORP (IDA) traded down $0.67 during midday trading on Wednesday, hitting $82.80. The company had a trading volume of 187,474 shares, compared to its average volume of 315,089. The company has a market cap of $4,199.25, a PE ratio of 20.27, a price-to-earnings-growth ratio of 4.92 and a beta of 0.42. IDACORP has a 1-year low of $78.37 and a 1-year high of $100.04. The company has a current ratio of 2.03, a quick ratio of 1.53 and a debt-to-equity ratio of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 5th will be paid a $0.59 dividend. The ex-dividend date is Friday, February 2nd. This represents a $2.36 annualized dividend and a dividend yield of 2.85%. IDACORP’s payout ratio is 57.42%.
IDA has been the topic of several recent analyst reports. KeyCorp restated a “hold” rating on shares of IDACORP in a report on Friday, October 20th. ValuEngine raised IDACORP from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut IDACORP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Bank of America started coverage on IDACORP in a research note on Tuesday, January 9th. They set an “underperform” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.00.
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IDACORP, Inc is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power). The Company’s segment is utility operations. The utility operations segment’s primary source of revenue is the regulated operations of Idaho Power. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale and purchase of electric energy and capacity.
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