Black Hills (BKH) Stock Forecast, Price Target & Predictions
BKH Stock Forecast
Black Hills stock forecast is as follows: an average price target of $57.00 (represents a -5.86% downside from BKH’s last price of $60.55) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
BKH Price Target
The average price target for Black Hills (BKH) is $57.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $57.00 to $57.00. This represents a potential -5.86% downside from BKH's last price of $60.55.
BKH Analyst Ratings
According to 4 Wall Street analysts, Black Hills's rating consensus is 'Hold'. The analyst rating breakdown for BKH stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (75.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Black Hills Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Anthony Crowdell | Mizuho Securities | $57.00 | $56.87 | 0.23% | -5.86% |
The latest Black Hills stock forecast, released on May 16, 2024 by Anthony Crowdell from Mizuho Securities, set a price target of $57.00, which represents a 0.23% increase from the stock price at the time of the forecast ($56.87), and a -5.86% decrease from BKH last price ($60.55).
Black Hills Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $57.00 |
| Last Closing Price | $60.55 | $60.55 | $60.55 |
| Upside/Downside | -100.00% | -100.00% | -5.86% |
In the current month, the average price target of Black Hills stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Black Hills's last price of $60.55. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 20, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Nov 21, 2023 | Mizuho Securities | - | Neutral | Upgrade |
| Sep 06, 2023 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Dec 14, 2021 | Litchfield Hills | - | Reduce | Upgrade |
Black Hills's last stock rating was published by Scotiabank on Aug 20, 2024. The company gave BKH a "Sector Perform" rating, the same as its previous rate.
Black Hills Financial Forecast
Black Hills Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $591.70M | $407.13M | $411.30M | $921.20M | $130.60M | $462.60M | - | $823.60M | $562.51M | $380.59M |
| Avg Forecast | $659.87M | $561.78M | $535.89M | $721.77M | $652.48M | $557.17M | $530.66M | $712.98M | $631.98M | $539.09M | $513.29M | $691.94M | $636.03M | $538.81M | $427.14M | $733.24M | $936.21M | $408.77M | $498.00M | $683.00M | $863.67M | $579.85M | $552.13M | $748.13M | $523.36M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| High Forecast | $659.87M | $561.78M | $535.89M | $721.77M | $652.48M | $557.17M | $530.66M | $712.98M | $631.98M | $539.09M | $513.29M | $691.94M | $636.03M | $538.81M | $427.14M | $733.24M | $936.21M | $408.77M | $498.00M | $683.00M | $863.67M | $579.85M | $552.13M | $748.13M | $523.36M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| Low Forecast | $659.87M | $561.78M | $535.89M | $721.77M | $652.48M | $557.17M | $530.66M | $712.98M | $631.98M | $539.09M | $513.29M | $691.94M | $636.03M | $538.81M | $427.14M | $733.24M | $936.21M | $408.77M | $498.00M | $683.00M | $863.67M | $579.85M | $552.13M | $748.13M | $523.36M | $413.37M | $405.54M | $633.29M | $488.00M | $386.72M |
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.70% | 0.74% | 1.23% | 0.25% | 1.12% | - | 1.30% | 1.15% | 0.98% |
Black Hills's average Quarter revenue forecast for Mar 24 based on 0 analysts is $683.00M, with a low forecast of $683.00M, and a high forecast of $683.00M. BKH's average Quarter revenue forecast represents a 15.43% increase compared to the company's last Quarter revenue of $591.70M (Dec 23).
Black Hills EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $209.27M | $76.53M | $126.80M | $237.20M | $129.00M | $144.00M | - | $234.60M | $172.09M | $147.13M |
| Avg Forecast | $403.14M | $343.22M | $327.40M | $440.96M | $398.63M | $340.40M | $324.20M | $435.59M | $386.11M | $329.36M | $313.59M | $422.74M | $388.58M | $329.18M | $260.96M | $447.97M | $571.97M | $249.74M | $304.25M | $251.04M | $527.65M | $354.26M | $337.32M | $228.21M | $319.74M | $157.08M | $247.77M | $207.47M | $172.09M | $142.80M |
| High Forecast | $403.14M | $343.22M | $327.40M | $440.96M | $398.63M | $340.40M | $324.20M | $435.59M | $386.11M | $329.36M | $313.59M | $422.74M | $388.58M | $329.18M | $260.96M | $447.97M | $571.97M | $249.74M | $304.25M | $301.24M | $527.65M | $354.26M | $337.32M | $273.86M | $319.74M | $188.50M | $247.77M | $248.96M | $206.50M | $171.36M |
| Low Forecast | $403.14M | $343.22M | $327.40M | $440.96M | $398.63M | $340.40M | $324.20M | $435.59M | $386.11M | $329.36M | $313.59M | $422.74M | $388.58M | $329.18M | $260.96M | $447.97M | $571.97M | $249.74M | $304.25M | $200.83M | $527.65M | $354.26M | $337.32M | $182.57M | $319.74M | $125.66M | $247.77M | $165.97M | $137.67M | $114.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.22% | 0.38% | 1.04% | 0.40% | 0.92% | - | 1.13% | 1.00% | 1.03% |
0 analysts predict BKH's average Quarter EBITDA for Mar 24 to be $251.04M, with a high of $301.24M and a low of $200.83M. This is 19.96% upper than Black Hills's previous annual EBITDA (Dec 23) of $209.27M.
Black Hills Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $79.68M | $63.49M | $23.00M | $114.10M | $72.50M | $34.90M | - | $117.50M | $74.32M | $44.11M |
| Avg Forecast | $100.10M | $60.56M | $50.28M | $127.74M | $95.52M | $56.38M | $45.63M | $123.24M | $91.08M | $52.68M | $42.15M | $118.95M | $87.68M | $45.99M | $42.78M | $119.37M | $75.56M | $41.05M | $20.01M | $127.55M | $74.35M | $35.02M | $25.88M | $115.96M | $80.61M | $47.10M | $27.43M | $105.42M | $71.16M | $42.81M |
| High Forecast | $100.10M | $60.56M | $50.28M | $127.74M | $95.52M | $56.38M | $45.63M | $123.24M | $91.08M | $52.68M | $42.15M | $118.95M | $87.68M | $45.99M | $42.78M | $119.37M | $75.56M | $41.05M | $20.01M | $153.07M | $74.35M | $38.26M | $25.88M | $139.15M | $80.61M | $56.52M | $27.43M | $126.50M | $85.39M | $51.38M |
| Low Forecast | $100.10M | $60.56M | $50.28M | $127.74M | $95.52M | $56.38M | $45.63M | $123.24M | $91.08M | $52.68M | $42.15M | $118.95M | $87.68M | $45.99M | $42.78M | $119.37M | $75.56M | $41.05M | $20.01M | $102.04M | $74.35M | $32.42M | $25.88M | $92.77M | $80.61M | $37.68M | $27.43M | $84.33M | $56.92M | $34.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.81% | 0.89% | 0.98% | 0.90% | 0.74% | - | 1.11% | 1.04% | 1.03% |
Black Hills's average Quarter net income forecast for Mar 24 is $127.55M, with a range of $102.04M to $153.07M. BKH's average Quarter net income forecast represents a 60.08% increase compared to the company's last Quarter net income of $79.68M (Dec 23).
Black Hills SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $865.77K | $737.08K | $703.11K | $946.99K | $856.09K | $731.04K | $696.25K | $935.46K | $829.19K | $707.31K | $673.46K | $907.85K | $834.51K | $706.94K | $560.43K | $962.04K | $1.23M | $536.32K | $653.40K | $896.13K | $1.13M | $760.79K | $724.42K | $981.58K | $686.67K | $542.36K | $532.09K | $591.86K | $456.07K | $361.42K |
| High Forecast | $865.77K | $737.08K | $703.11K | $946.99K | $856.09K | $731.04K | $696.25K | $935.46K | $829.19K | $707.31K | $673.46K | $907.85K | $834.51K | $706.94K | $560.43K | $962.04K | $1.23M | $536.32K | $653.40K | $896.13K | $1.13M | $760.79K | $724.42K | $981.58K | $686.67K | $542.36K | $532.09K | $591.86K | $456.07K | $361.42K |
| Low Forecast | $865.77K | $737.08K | $703.11K | $946.99K | $856.09K | $731.04K | $696.25K | $935.46K | $829.19K | $707.31K | $673.46K | $907.85K | $834.51K | $706.94K | $560.43K | $962.04K | $1.23M | $536.32K | $653.40K | $896.13K | $1.13M | $760.79K | $724.42K | $981.58K | $686.67K | $542.36K | $532.09K | $591.86K | $456.07K | $361.42K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Black Hills's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to BKH last annual SG&A of $NaN (undefined).
Black Hills EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.17 | $0.94 | $0.35 | $1.73 | $1.11 | $0.54 | - | $1.82 | $1.16 | $0.70 |
| Avg Forecast | $1.45 | $0.88 | $0.73 | $1.85 | $1.38 | $0.82 | $0.66 | $1.79 | $1.32 | $0.76 | $0.61 | $1.72 | $1.27 | $0.67 | $0.62 | $1.73 | $1.09 | $0.59 | $0.29 | $1.70 | $1.08 | $0.51 | $0.38 | $1.67 | $1.17 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| High Forecast | $1.45 | $0.88 | $0.73 | $1.85 | $1.38 | $0.82 | $0.66 | $1.79 | $1.32 | $0.76 | $0.61 | $1.72 | $1.27 | $0.67 | $0.62 | $1.73 | $1.09 | $0.59 | $0.29 | $1.70 | $1.08 | $0.55 | $0.38 | $1.67 | $1.17 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| Low Forecast | $1.45 | $0.88 | $0.73 | $1.85 | $1.38 | $0.82 | $0.66 | $1.79 | $1.32 | $0.76 | $0.61 | $1.72 | $1.27 | $0.67 | $0.62 | $1.73 | $1.09 | $0.59 | $0.29 | $1.70 | $1.08 | $0.47 | $0.38 | $1.67 | $1.17 | $0.58 | $0.40 | $1.65 | $1.26 | $0.64 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.85% | 0.93% | 1.03% | 0.95% | 0.93% | - | 1.10% | 0.92% | 1.09% |
According to 0 Wall Street analysts, Black Hills's projected average Quarter EPS for Mar 24 is $1.70, with a low estimate of $1.70 and a high estimate of $1.70. This represents a 45.01% increase compared to BKH previous annual EPS of $1.17 (Dec 23).
Black Hills Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AES | AES | $18.54 | $26.71 | 44.07% | Buy |
| MNTK | Montauk Renewables | $4.48 | $6.25 | 39.51% | Hold |
| AVA | Avista | $38.54 | $37.75 | -2.05% | Buy |
| BKH | Black Hills | $60.55 | $57.00 | -5.86% | Hold |
| ALE | ALLETE | $64.08 | $58.00 | -9.49% | Buy |
| NWE | NorthWestern | $55.94 | $50.40 | -9.90% | Buy |
| SRE | Sempra | $82.97 | $65.55 | -21.00% | Buy |
BKH Forecast FAQ
Is Black Hills a good buy?
No, according to 4 Wall Street analysts, Black Hills (BKH) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of BKH's total ratings.
What is BKH's price target?
Black Hills (BKH) average price target is $57 with a range of $57 to $57, implying a -5.86% from its last price of $60.55. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Black Hills stock go up soon?
According to Wall Street analysts' prediction for BKH stock, the company can go down by -5.86% (from the last price of $60.55 to the average price target of $57), down by -5.86% based on the highest stock price target, and down by -5.86% based on the lowest stock price target.
Can Black Hills stock reach $90?
BKH's average twelve months analyst stock price target of $57 does not support the claim that Black Hills can reach $90 in the near future.
What are Black Hills's analysts' financial forecasts?
Black Hills's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.45B (high $2.45B, low $2.45B), average EBITDA is $1.5B (high $1.5B, low $1.5B), average net income is $320.77M (high $320.77M, low $320.77M), average SG&A $3.22M (high $3.22M, low $3.22M), and average EPS is $4.65 (high $4.65, low $4.65). BKH's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.48B (high $2.48B, low $2.48B), average EBITDA is $1.51B (high $1.51B, low $1.51B), average net income is $338.68M (high $338.68M, low $338.68M), average SG&A $3.25M (high $3.25M, low $3.25M), and average EPS is $4.91 (high $4.91, low $4.91).
Did the BKH's actual financial results beat the analysts' financial forecasts?
Based on Black Hills's last annual report (Dec 2022), the company's revenue was $458.5M, which missed the average analysts forecast of $1.98B by -76.79%. Apple's EBITDA was $457M, missing the average prediction of $932.06M by -50.97%. The company's net income was $258.4M, missing the average estimation of $260.56M by -0.83%. Apple's SG&A was $0, missing the average forecast of $2.35M by -100.00%. Lastly, the company's EPS was $3.98, beating the average prediction of $3.8 by 4.63%. In terms of the last quarterly report (Dec 2023), Black Hills's revenue was $591.7M, missing the average analysts' forecast of $863.67M by -31.49%. The company's EBITDA was $209.27M, missing the average prediction of $527.65M by -60.34%. Black Hills's net income was $79.68M, beating the average estimation of $74.35M by 7.17%. The company's SG&A was $0, missing the average forecast of $1.13M by -100.00%. Lastly, the company's EPS was $1.17, beating the average prediction of $1.08 by 8.58%