Pinnacle West Capital Corp [PNW] stock prices are up 0.92% to $91.79 at the moment. 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 0.62% over the last week, with a monthly amount glided 4.16%, 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 November 18, 2024, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $91 from $93. Previously, Jefferies started tracking the stock with Buy rating on September 20, 2024, and set its price target to $104. On June 06, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $83.50 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $78 on April 29, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $80 on March 18, 2024. UBS upgraded its rating to Neutral for this stock on March 11, 2024, and upped its price target to $71. In a note dated February 14, 2024, Ladenburg Thalmann initiated an Neutral rating and provided a target price of $69 on this stock.
The stock price of Pinnacle West Capital Corp [PNW] has been fluctuating between $65.20 and $93.12 over the past year. Currently, Wall Street analysts expect the stock to reach $78.44 within the next 12 months. Pinnacle West Capital Corp [NYSE: PNW] shares were valued at $91.79 at the most recent close of the market. An investor can expect a potential drop of -14.54% based on the average PNW price forecast.
Analyzing the PNW fundamentals
The Pinnacle West Capital Corp [NYSE:PNW] reported sales of 5.02B for trailing twelve months, representing a surge of 8.00%. 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 90.95 points at the first support level, and at 90.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.21, and for the 2nd resistance point, it is at 92.64.
Ratios To Look Out For
It’s worth pointing out that Pinnacle West Capital Corp [NYSE:PNW]’s Current Ratio 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 2.08, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 17.39.
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.
