A statement released earlier today by Williams Capital about Pinnacle West (NYSE:PNW) bumps the target price to $79.00
- Updated: October 9, 2016
Boasting a price of $72.69, Pinnacle West (NYSE:PNW) traded 0.00% even on the day. With the last close down -4.34% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. PNW has recorded a 50-day moving average of $76.03 and a 200-day moving average of $75.99. 1,373,609 shares of PNW traded hands, up from an average trading volume of 691,751
Williams Capital bumped up the target of Pinnacle West (NYSE:PNW) to $79.00 stating a potential upside of 0.09%.
Previously on 10/04/2016, Zacks Investment Research reported about Pinnacle West (NYSE:PNW) increased the target price from $0.00 to $84.00 that suggested an upside of 0.12%.
Recent Performance Chart
Pinnacle West has PE ratio of 19.19 with a one year low of $60.70 and a one year high of $82.78 and has a market capitalization of $0.
A total of 13 brokers have issued a report on the stock. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $72.54.
Brief Synopsis About Pinnacle West (NYSE:PNW)
Pinnacle West Capital Corporation is a holding company that operates primarily through its subsidiaries. The Company operates through electricity segment, which consists of traditional regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution. Its 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). It owns and leases over 6,200 megawatt (MW) of regulated generation capacity, and holds a mix of both long-term and short-term purchased power agreements for additional capacity.
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