Pinnacle West Capital Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:PNW)
Shares of Pinnacle West Capital Corp. (NYSE:PNW) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, AnalystRatingsNetwork reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.19.
A number of research firms have recently commented on PNW. Analysts at SunTrust upgraded shares of Pinnacle West Capital Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Pinnacle West Capital Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Finally, analysts at Barclays cut their price target on shares of Pinnacle West Capital Corp. from $60.00 to $55.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock.
Pinnacle West Capital Corp. (NYSE:PNW) opened at 52.11 on Friday. Pinnacle West Capital Corp. has a 52 week low of $51.15 and a 52 week high of $61.89. The stock’s 50-day moving average is $52.49 and its 200-day moving average is $54.71. The company has a market cap of $5.734 billion and a P/E ratio of 14.30.
Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.
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