Barclays Sticks to Its Hold Rating for Pinnacle West Capital Corp (PNW)
Barclays analyst Eric Beaumont maintained a Hold rating on Pinnacle West Capital Corp (PNW) yesterday and set a price target of $103. The company’s shares opened today at $96.71, close to its 52-week high of $99.81.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Consolidated Edison, Inc., American Electric Power, and Edison International.
The word on The Street in general, suggests a Hold analyst consensus rating for Pinnacle West Capital Corp with a $96.33 average price target, which is a -0.4% downside from current levels. In a report issued on June 9, Wells Fargo also maintained a Hold rating on the stock.
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The company has a one-year high of $99.81 and a one-year low of $77.14. Currently, Pinnacle West Capital Corp has an average volume of 865.6K.
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.