Barclays Remains a Hold on Pinnacle West Capital Corp (PNW)


Barclays analyst Eric Beaumont maintained a Hold rating on Pinnacle West Capital Corp (PNW) on November 16 and set a price target of $90. The company’s shares closed on Friday at $88.32.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -2.2% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Centerpoint Energy, Dominion Resources, and Eversource Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle West Capital Corp with a $88.83 average price target, a 0.6% upside from current levels. In a report issued on November 9, SunTrust Robinson also maintained a Hold rating on the stock with a $90 price target.

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The company has a one-year high of $92.30 and a one-year low of $73.41. Currently, Pinnacle West Capital Corp has an average volume of 1.01M.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.

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Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co.

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