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A statement released earlier today by Credit Suisse about Pinnacle West (NYSE:PNW) ups the target price to $90.00

Reporting a potential upside of 0.02%, Credit Suisse upped the price target of Pinnacle West (NYSE:PNW) to $90.00

Boasting a price of $88.28, Pinnacle West (NYSE:PNW) traded -0.32% lower on the day. With the last stock price close up 1.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. PNW has recorded a 50-day moving average of $89.15 and a 200-day moving average of $86.36. 83,806 shares of PNW traded hands, down from an average trading volume of 653,778

Recent Performance Chart

Pinnacle West (NYSE:PNW)

Pinnacle West has 52 week low of $70.86 and a 52 week high of $90.92 with a PE ratio of 19.43 and has a market capitalization of $0.

In addition to Credit Suisse reporting its target price, a total of 13 firms have issued a report on the stock. The consensus target price is $72.54 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Pinnacle West (NYSE:PNW)

Pinnacle West Capital Corporation is a holding company that operates through its subsidiaries. The Company operates through regulated electricity segment, which consists of traditional regulated retail and wholesale electricity businesses and related activities, and includes electricity generation, transmission and distribution. It owned and leased 6,236 megawatt (MW) of regulated generation capacity and the Company held a mix of both long-term and short-term purchased power agreements for additional capacity, including agreements for the purchase of renewable energy, as of December 31, 2016. Its subsidiaries include Arizona Public Service Company, which is a vertically-integrated electric utility that provides 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.

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