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Is this Large Market Cap Stock target price reasonable for IdaCorp, Inc. (NYSE:IDA)?

The company in question is, IdaCorp, Inc. (NYSE:IDA) currently with a stock price of 75.15 (0.33% today). The market cap for IdaCorp, Inc. is 3822.9, and is in the sector Utilities, and Electric Utilities industry. The target price for IdaCorp, Inc. is 80. Currently IdaCorp, Inc. is trading with a P/E of 20.15, and a forward P/E of 18.59. Average volume for IdaCorp, Inc. is 185.17 and so far today it is 48656.

Performance in the last year for IdaCorp, Inc. has been 13.76%. For EPS growth, IdaCorp, Inc. has seen a growth of 0.40%, and is looking to grow in the next year to 3.60%. More long term stats show that EPS growth has been 5.60% over the last five years and could be 4.00% for the next five years. IdaCorp, Inc. has seen sales growth quarter over quarter at -6.20%, with EPS growth quarter over quarter at -15.00%. The 20-day simple moving average is -2.67%, with the 200-day simple moving average coming to 1.82%.

Since the IPO date for IdaCorp, Inc. on the 10/17/1986, IdaCorp, Inc. has seen performance year to date to be 12.45%. With IdaCorp, Inc. trading at 75.15, the dividend yield is 2.72%, and the EPS is 3.72.

So could IdaCorp, Inc., be undervalued? Well as said before P/E is 20.15. The PEG is 5.04, P/S is 3.06 and the P/B is at 1.8. The P/cash is 42.2, with P/free cash flow at *TBA.

IdaCorp, Inc. ability to deal with debt shows that the current ratio is 2.2, and the quick ratio is 1.6. This is with long term debt/equity at 0.84, and total debt/equity at 0.85.

In terms of margins, IdaCorp, Inc. has a gross margin of 81.70%, an operating margin of 21.90% and a profit margin of 15.00%.Payout ratio for IdaCorp, Inc. is 53.70%. Return on assets come to 3.10% with return on investment coming to 6.20%.

Insider ownership for IdaCorp, Inc., is at 0.50% and institutional ownership comes to 75.60%. Outstanding shares are at 51.04. While shares float is 50. The float short is currently 2.69%, and short ratio is 7.25.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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