Pinnacle West Capital Corporation (PNW) Receives Analyst Rating

Pinnacle West Capital Corporation (PNW) : The consensus on Pinnacle West Capital Corporation (PNW) based on 10 analyst recommendation on the company stock is 3.03, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Pinnacle West Capital Corporation (PNW).

Pinnacle West Capital Corporation (PNW) : The highest level Pinnacle West Capital Corporation (PNW) is projected to reach is $81 for the short term and the lowest estimate is at $67. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $74.89 and the possibility the share price can swing is $4.68.


Also, In the latest statement by the brokerage house, SunTrust Robinson Humphrey maintains its outlook on Pinnacle West Capital Corporation (NYSE:PNW). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $76 per share to $74 per share. The rating by the firm was issued on August 29, 2016.

Pinnacle West Capital Corporation (NYSE:PNW): After opening at $74.44, the stock dipped to an intraday low of $74.32 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $75.41 and the buying power remained strong till the end. The stock closed at $75.33 for the day, a gain of 1.02% for the day session. The total traded volume was 528,626. The stocks close on the previous trading day was $74.57.

Pinnacle West Capital Corporation is a holding company that operates primarily through its wholly owned subsidiaries is engaged in regulated retail and wholesale electricity businesses. The Companys operations primarily include electricity generation, transmission and distribution. The Companys subsidiaries include Arizona Public Service Company (APS), a vertically integrated electric utility that provides either retail or wholesale electric service to the State of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona; El Dorado Investment Company (El Dorado) and Bright Canyon Energy Corporation (BCE). APS provides electric service to approximately 1.2 million customers. APS has ownership interests in or leases the coal, nuclear, gas, oil and solar generating facilities.

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