A share price of Pinnacle West Capital Corp. [PNW] is currently trading at $90.51, up 2.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNW shares have gain 1.42% over the last week, with a monthly amount glided 3.42%, 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 September 20, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $104. Previously, Ladenburg Thalmann upgraded its rating to Buy on June 06, 2024, and elevated its price target to $83.50. On April 29, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $78 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $80 on March 18, 2024. UBS upgraded its rating to a Neutral and raised its price target to $71 on March 11, 2024. Ladenburg Thalmann started tracking with a Neutral rating for this stock on February 14, 2024, and assigned it a price target of $69. In a note dated January 22, 2024, Guggenheim upgraded an Buy rating on this stock but restated the target price of $78.
Pinnacle West Capital Corp. experienced fluctuations in its stock price throughout the past year between $65.20 and $91.57. Currently, Wall Street analysts expect the stock to reach $73.33 within the next 12 months. Pinnacle West Capital Corp. [NYSE: PNW] shares were valued at $90.51 at the most recent close of the market. An investor can expect a potential drop of -18.98% based on the average PNW price forecast.
Analyzing the PNW fundamentals
Trailing Twelve Months sales for Pinnacle West Capital Corp. [NYSE:PNW] were 4.89B which represents 16.70% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
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 89.13 points at the first support level, and at 87.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.40, and for the 2nd resistance point, it is at 92.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pinnacle West Capital Corp. [NYSE:PNW] is 0.55. On the other hand, the Quick Ratio is 0.38, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 16.74.
Transactions by insiders
Recent insider trading involved Smith Robert Edgar, EVP, GC, and CDO, that happened on Aug 09 ’24 when 4950.0 shares were sold. VP, Finance and Treasurer, Mountain Paul J completed a deal on Aug 08 ’24 to sell 2700.0 shares. Meanwhile, Officer Robert E. Smith bought 4950.0 shares on Aug 09 ’24.
