Trading Report: The Weekly Analysts’ Ratings Changes for Pinnacle West Capital Corp. (PNW)

The Weekly Analysts’ Ratings Changes for Pinnacle West Capital Corp. (PNW)

Several brokerages have updated their recommendations and price targets on shares of Pinnacle West Capital Corp. (NYSE: PNW) in the last few weeks:

Shares of Pinnacle West Capital Corp. (NYSE:PNW) traded up 0.95% during mid-day trading on Thursday, hitting $74.31. The stock had a trading volume of 790,687 shares. Pinnacle West Capital Corp. has a 1-year low of $60.70 and a 1-year high of $82.78. The stock’s 50-day moving average is $75.66 and its 200 day moving average is $75.98. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 19.62 and a beta of 0.33.

Pinnacle West Capital Corp. (NYSE:PNW) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.06. Pinnacle West Capital Corp. had a return on equity of 8.94% and a net margin of 12.02%. The company earned $915.40 million during the quarter, compared to analysts’ expectations of $915.40 million. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Pinnacle West Capital Corp. will post $3.99 EPS for the current fiscal year.

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