Zacks Investment Research downgraded Pinnacle West Capital Corporation (NYSE:PNW) to Hold in a statement released earlier today.
- Updated: October 3, 2016
Showing a price of $75.08, Pinnacle West Capital Corporation (NYSE:PNW) traded -1.33% lower on the day. The last stock close price is down -1.30% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. PNW has recorded a 50-day moving average of $76.53 and a two hundred day average of $75.97. Trade Volume was up over the average, with 813,789 shares of PNW changing hands over the typical 687,581
Zacks Investment Research has downgraded Pinnacle West Capital Corporation (NYSE:PNW) to Hold in a statement released on 10/3/2016.
On 8/30/2016, Williams Capital reported on Pinnacle West Capital Corporation (NYSE:PNW) bumped up the target price from $58.00 to $79.00 that suggested an upside of 0.05%.
See Chart Below
Pinnacle West Capital Corporation has a 52 week low of $60.70 and a 52 week high of $82.78 with a P/E ratio of 19.80 PNW’s total market value is presently $0.
A total of 13 equity analysts have released a ratings update on PNW. zero equity analysts rating the company a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price 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 holds a mix of both long-term and short-term purchased power agreements for additional capacity.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.