Mizuho Securities reporeted on Pinnacle West Capital Corporation (NYSE:PNW), boosting its stock price target to $78.00 earlier today
- Updated: September 19, 2016
Stating a possible downside of -0.01%, Mizuho Securities bumped the price target of Pinnacle West Capital Corporation (NYSE:PNW) to $78.
Previously on Monday June 20 2016, RBC Capital Markets released a statement about Pinnacle West Capital Corporation(NYSE:PNW) upped the target price from $69.00 to $73.00 that indicated a possible downside of -0.06%.
Showing a price of $78.78, Pinnacle West Capital Corporation (NYSE:PNW) traded 0.77% higher on the day. The last stock close is up 1.76% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of $76.52 and two hundred day average of $75.55. 757,134 shares of Pinnacle West Capital Corporation exchanged hands, up from ann average trading volume of 687,311
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Pinnacle West Capital Corporation has a 52 week low of $60.70 and a one-year high of $82.78 with a P/E ratio of 20. The company’s market cap is currently $0.0.
A total of 13 equity analysts have issued a report on the company. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the company as sell with a 12-month target of $72.54
About Pinnacle West Capital Corporation (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 and holds a mix of both long-term and short-term purchased power agreements for additional capacity.
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