Brokerage Firm Rating Update on Pinnacle West Capital Corporation (PNW)

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 (PNW) : The highest short term price target forecast on Pinnacle West Capital Corporation (PNW) is $81 and the lowest target price is $67. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $76.11 with a standard deviation of $4.23.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, maintains their rating on the shares of Pinnacle West Capital Corporation (NYSE:PNW). SunTrust Robinson Humphrey has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $74 per share from a prior target of $76. The rating by the firm was issued on August 29, 2016.

Pinnacle West Capital Corporation (NYSE:PNW): stock was range-bound between the intraday low of $76.45 and the intraday high of $77.23 after having opened at $76.98 on Wednesdays session. The stock finally closed in the red at $76.98, a loss of -0.17%. The stock remained in the red for the whole trading day. The total traded volume was 635,216 shares. The stock failed to cross $77.23 in Wednesdays trading. The stocks closing price on Thursday was $77.08.

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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