Pinnacle West Capital Corporation (PNW) Receives Price Target

Pinnacle West Capital Corporation (PNW) : The most positive equity analysts on Pinnacle West Capital Corporation (PNW) expects the shares to touch $81, whereas, the least positive believes that the stock will trade at $67 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $75.33 with an expected fluctuation of $4.21 from the mean.

Pinnacle West Capital Corporation (PNW) : 1 brokerage houses believe that Pinnacle West Capital Corporation (PNW) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pinnacle West Capital Corporation (PNW). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.92.


Pinnacle West Capital Corporation (NYSE:PNW): The stock opened at $74.91 on Thursday but the bulls could not build on the opening and the stock topped out at $75.34 for the day. The stock traded down to $74.58 during the day, due to lack of any buying support eventually closed down at $74.81 with a loss of -0.31% for the day. The stock had closed at $75.04 on the previous day. The total traded volume was 482,227 shares.

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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