At the time of writing, Pinnacle West Capital Corp. [PNW] stock is trading at $77.40, up 1.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PNW shares have gain 3.14% over the last week, with a monthly amount glided 7.20%, 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 April 29, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $78. Previously, BofA Securities upgraded its rating to Buy on March 18, 2024, and elevated its price target to $80. On March 11, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $71 on the stock. Ladenburg Thalmann started tracking the stock assigning a Neutral rating and suggested a price target of $69 on February 14, 2024. Guggenheim upgraded its rating to a Buy but $78 remained the price target by the analyst firm on January 22, 2024. KeyBanc Capital Markets upgraded its rating to Sector Weight for this stock on October 05, 2023. In a note dated August 23, 2023, Barclays initiated an Overweight rating and provided a target price of $81 on this stock.
For the past year, the stock price of Pinnacle West Capital Corp. fluctuated between $65.20 and $86.03. 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 $77.40 at the most recent close of the market. An investor can expect a potential drop of -5.97% based on the average PNW price forecast.
Analyzing the PNW fundamentals
According to Pinnacle West Capital Corp. [NYSE:PNW], the company’s sales were 4.70B for trailing twelve months, which represents an 0.72% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.19%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.
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 76.72 points at the first support level, and at 76.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.86, and for the 2nd resistance point, it is at 78.32.
Pinnacle West Capital Corp. [PNW] reported earnings per share of $0.15 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.16 and a surprise factor of 1,600.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0 per share as compared to estimates of -$0.13 per share, a difference of $0.13 representing a surprise of 100.00%.
Ratios To Look Out For
It is important to note that Pinnacle West Capital Corp. [NYSE:PNW] has a current ratio of 0.46. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 16.89.
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.
