Pinnacle West Capital Corporati which can be found using ticker (PNW) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 92 and 55 and has a mean target at $74.70. Given that the stocks previous close was at $80.63 this indicates there is a potential downside of -7.4%. The 50 day moving average now sits at $75.93 and the 200 moving average now moves to $73.57. The company has a market cap of $9,093m. You can visit the company’s website by visiting: https://www.pinnaclewest.com
The potential market cap would be $8,424m based on the market consensus.
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities, as well as owns and maintains transmission and distribution substations. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
The company has a dividend yield of 4.31% with the ex dividend date set at 31-1-2023 (DMY).
Other points of data to note are a P/E ratio of 18.85, revenue per share of 38.2 and a 2.32% return on assets.
