At the time of writing, Pinnacle West Capital Corp [PNW] stock is trading at $88.82, down -0.89%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNW shares have lost -6.78% over the last week, with a monthly amount drifted -3.58%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Pinnacle West Capital Corp [NYSE: PNW] stock has seen the most recent analyst activity on December 04, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $101 for it. Previously, Barclays downgraded its rating to Equal Weight on November 18, 2024, and dropped its price target to $91. On September 20, 2024, Jefferies initiated with a Buy rating and assigned a price target of $104 on the stock. Ladenburg Thalmann upgraded its rating to a Buy and increased its price target to $83.50 on June 06, 2024. Citigroup initiated its recommendation with a Neutral and recommended $78 as its price target on April 29, 2024. BofA Securities upgraded its rating to Buy for this stock on March 18, 2024, and upped its price target to $80. In a note dated March 11, 2024, UBS upgraded an Neutral rating on this stock and boosted its target price from $68 to $71.
For the past year, the stock price of Pinnacle West Capital Corp fluctuated between $70.72 and $96.50. Currently, Wall Street analysts expect the stock to reach $94.5 within the next 12 months. Pinnacle West Capital Corp [NYSE: PNW] shares were valued at $88.82 at the most recent close of the market. An investor can expect a potential return of 6.39% based on the average PNW price forecast.
Analyzing the PNW fundamentals
According to Pinnacle West Capital Corp [NYSE:PNW], the company’s sales were 5.12B for trailing twelve months, which represents an 10.47% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.14%, 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 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.64.
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 87.27 points at the first support level, and at 85.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.06, and for the 2nd resistance point, it is at 93.30.
Ratios To Look Out For
It is important to note that Pinnacle West Capital Corp [NYSE:PNW] has a current ratio of 0.49. On the other hand, the Quick Ratio is 0.32, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 17.01.
Transactions by insiders
Recent insider trading involved Tetlow Jacob, EVP, COO, APS, that happened on Mar 03 ’25 when 2272.0 shares were sold. EVP, COO, APS, Jacob Tetlow completed a deal on Mar 03 ’25 to buy 2272.0 shares. Meanwhile, EVP, COO, APS Tetlow Jacob sold 9474.0 shares on Nov 13 ’24.
