Pinnacle West Capital Corp. [PNW] stock is trading at $74.40, up 1.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNW shares have gain 2.99% over the last week, with a monthly amount glided 2.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pinnacle West Capital Corp. [NYSE: PNW] stock has seen the most recent analyst activity on March 18, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $80 from $71. Previously, UBS upgraded its rating to Neutral on March 11, 2024, and elevated its price target to $71. On February 14, 2024, Ladenburg Thalmann initiated with a Neutral rating and assigned a price target of $69 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $78 on January 22, 2024. KeyBanc Capital Markets upgraded its rating to a Sector Weight. Barclays started tracking with a Overweight rating for this stock on August 23, 2023, and assigned it a price target of $81. In a note dated August 22, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $78 to $85.
Pinnacle West Capital Corp. [PNW] stock has fluctuated between $65.20 and $86.03 over the past year. Currently, Wall Street analysts expect the stock to reach $72.78 within the next 12 months. Pinnacle West Capital Corp. [NYSE: PNW] shares were valued at $74.40 at the most recent close of the market. An investor can expect a potential drop of -2.18% based on the average PNW price forecast.
Analyzing the PNW fundamentals
Pinnacle West Capital Corp. [NYSE:PNW] reported sales of 4.70B for the trailing twelve months, which represents a drop of -1.76%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.42 points at the first support level, and at 72.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.93, and for the 2nd resistance point, it is at 75.47.
Ratios To Look Out For
For context, Pinnacle West Capital Corp.’s Current Ratio is 0.51. On the other hand, the Quick Ratio is 0.34, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 16.88.
Transactions by insiders
Recent insider trading involved Smith Robert Edgar, EVP, GC, and CDO, that happened on Dec 08 ’23 when 1610.0 shares were sold. President, APS, Geisler Theodore N completed a deal on Aug 24 ’23 to sell 1484.0 shares. Meanwhile, President, APS Geisler Theodore N sold 7.0 shares on Aug 24 ’23.
