Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Pinnacle West Capital Corp (NYSE: PNW) today and set a price target of $85. The company’s shares closed yesterday at $79.47.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Nextera Energy Partners, and South Jersey Industries.
Currently, the analyst consensus on Pinnacle West Capital Corp is a Moderate Buy with an average price target of $87.
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Pinnacle West Capital Corp’s market cap is currently $8.9B and has a P/E ratio of 19.10. The company has a Price to Book ratio of 1.77.
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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.
