In a report released today, Michael Weinstein W. from Credit Suisse maintained a Buy rating on Pinnacle West Capital (PNW), with a price target of $88.00. The company’s shares closed last Thursday at $79.05.
According to TipRanks.com, W. is a 3-star analyst with an average return of 2.2% and a 49.3% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Centerpoint Energy, and Dominion Resources.
Currently, the analyst consensus on Pinnacle West Capital is a Hold with an average price target of $92.25.
See today’s analyst top recommended stocks >>
Based on Pinnacle West Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $670 million and net profit of $63.98 million. In comparison, last year the company earned revenue of $756 million and had a net profit of $26.08 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNW in relation to earlier this year.
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. The company was founded on February 20, 1985 and is headquartered in Phoenix, AZ.
