Pinnacle West Capital Corporati with ticker code (PNW) have now 11 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 92 and 55 suggesting an average Analsyt target price of $74.45. Given that the stocks previous close was at $75.34 this now indicates there is a potential downside of -1.2%. The day 50 moving average is $75.17 and the 200 day moving average is $73.17. The company has a market cap of $8,386m. You can visit the company’s website by visiting: https://www.pinnaclewest.com
The potential market cap would be $8,287m 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 4.35% with the ex dividend date set at 31-1-2023 (DMY).
Other points of data to note are a P/E ratio of 18.71, revenue per share of 38.2 and a 2.32% return on assets.
