In a report released yesterday, Sarah Akers from Wells Fargo maintained a Hold rating on Pinnacle West Capital Corp (PNW). The company’s shares closed on Friday at $93.22, close to its 52-week high of $93.49.
According to TipRanks.com, Akers is a 4-star analyst with an average return of 10.8% and a 96.6% success rate. Akers covers the Utilities sector, focusing on stocks such as Chesapeake Utilities Corp, Centerpoint Energy, and Dominion Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Pinnacle West Capital Corp with a $88.25 average price target, a -5.3% downside from current levels. In a report issued on February 12, Morgan Stanley also maintained a Hold rating on the stock with a $90 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $93.49 and a one-year low of $73.41. Currently, Pinnacle West Capital Corp has an average volume of 1.15M.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
