Currently, Pinnacle West Capital Corp [PNW] is trading at $90.86, down -0.39%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PNW shares have gain 1.84% over the last week, with a monthly amount glided 3.75%, 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.
This stock has fluctuated between a low of $65.20 and a high of $93.12 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $75.89 within the next 12 months. Pinnacle West Capital Corp [NYSE: PNW] shares were valued at $90.86 at the most recent close of the market. An investor can expect a potential drop of -16.48% based on the average PNW price forecast.
Analyzing the PNW fundamentals
Trailing Twelve Months sales for Pinnacle West Capital Corp [NYSE:PNW] were 5.02B which represents 8.00% growth. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. 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 of1.46.
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 90.48 points at the first support level, and at 90.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.37, and for the 2nd resistance point, it is at 91.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pinnacle West Capital Corp [NYSE:PNW] is 0.59. Also, the Quick Ratio is 0.43, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 17.21.
Transactions by insiders
Recent insider trading involved Tetlow Jacob, EVP, COO, APS, that happened on Nov 13 ’24 when 9474.0 shares were sold. EVP, COO, APS, Jacob Tetlow completed a deal on Nov 12 ’24 to buy 9474.0 shares. Meanwhile, Director Flanagan Susan T. bought 500.0 shares on Aug 05 ’24.
