SunTrust Robinson analyst Ali Agha reiterated a Hold rating on Pinnacle West Capital Corp (NYSE: PNW) today and set a price target of $86. The company’s shares closed on Friday at $80.32.
According to TipRanks.com, Agha is a 4-star analyst with an average return of 8.9% and a 71.6% success rate. Agha covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and Centerpoint Energy.
Pinnacle West Capital Corp has an analyst consensus of Hold, with a price target consensus of $85.50.
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Based on Pinnacle West Capital Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $167 million. In comparison, last year the company had a net profit of $167 million.
Based on the recent corporate insider activity of 72 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.
