Pinnacle West Capital Corp. [PNW] stock is trading at $78.49, up 1.34%. 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 3.24% over the last week, with a monthly amount glided 3.70%, 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 June 06, 2024, when Ladenburg Thalmann upgraded its rating to a Buy and also boosted its price target to $83.50 from $74. Previously, Citigroup started tracking the stock with Neutral rating on April 29, 2024, and set its price target to $78. On March 18, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $80 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $71 on March 11, 2024. Ladenburg Thalmann initiated its recommendation with a Neutral and recommended $69 as its price target on February 14, 2024. Guggenheim upgraded its rating to Buy for this stock on January 22, 2024, but kept the price target unchanged to $78. In a note dated October 05, 2023, KeyBanc Capital Markets upgraded an Sector Weight rating on this stock.
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 $72.67 within the next 12 months. Pinnacle West Capital Corp. [NYSE: PNW] shares were valued at $78.49 at the most recent close of the market. An investor can expect a potential drop of -7.41% 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 growth of 0.72%. 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 77.54 points at the first support level, and at 76.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.01, and for the 2nd resistance point, it is at 79.52.
Ratios To Look Out For
For context, Pinnacle West Capital Corp.’s Current Ratio is 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 1.90, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 17.12.
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.
