RBC Capital analyst Shelby Tucker reiterated a Buy rating on Pinnacle West Capital Corp (PNW) yesterday and set a price target of $92. The company’s shares opened today at $88.91.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 6.5% and a 72.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and FirstEnergy.
Pinnacle West Capital Corp has an analyst consensus of Moderate Buy, with a price target consensus of $88.17, representing a -0.8% downside. In a report issued on November 8, Wells Fargo also maintained a Buy rating on the stock.
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Pinnacle West Capital Corp’s market cap is currently $10B and has a P/E ratio of 19.84. The company has a Price to Book ratio of 1.87.
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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.
