Pinnacle West Capital Receives Average Recommendation of “Hold” from Analysts (NYSE:PNW)
Pinnacle West Capital (NYSE:PNW) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, American Banking & Market News reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $60.00.
A number of analysts have recently weighed in on PNW shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Pinnacle West Capital in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $59.00. Analysts at CRT Capital reiterated a “fairly valued” rating on shares of Pinnacle West Capital in a research note on Monday, July 21st. They now have a $58.00 price target on the stock, up previously from $55.00.
Shares of Pinnacle West Capital (NYSE:PNW) opened at 53.65 on Tuesday. Pinnacle West Capital has a 1-year low of $51.15 and a 1-year high of $58.70. The stock has a 50-day moving average of $55.89 and a 200-day moving average of $54.88. The company has a market cap of $5.923 billion and a price-to-earnings ratio of 14.60.
Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $906.26 million for the quarter, compared to the consensus estimate of $931.65 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Pinnacle West Capital will post $3.70 EPS for the current fiscal year.
Pinnacle West Capital Corporation (NYSE:PNW) is a holding company that conducts business through its subsidiaries.
Receive News & Ratings for Pinnacle West Capital Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle West Capital Co and related companies with Analyst Ratings Network's FREE daily email newsletter.