Analyst Ratings for Pinnacle West Capital Corp. (PNW)

Updated: 2017-07-26

Analysts covering Pinnacle West Capital Corp. (NYSE:PNW) have given it a consensus rating of Hold. Last month, PNW received an average rating of Hold.

Of the 16 analysts covering the stock, 1 gave it a buy rating, 0 issued an overweight rating, 13 issued a hold rating, 1 gave an underweight rating, and 1 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for PNW. The most optimistic analyst gave a price target of 96, which equates to a potential upside of 11.23 percent. The most pessimistic analyst gave a price target of 73, which equates to a potential downside of -15.42 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 5.91 percent on average, compared to last month. That number becomes 5.94 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.35 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.12 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

PNW has an estimated earnings growth rate of 3.6 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PNW is 5.83.

In the trailing 52-weeks, PNW hit 89.56 at the highest peak, while it's lowest trading point was 70.87. Currently the stock is 21.79 percent higher than its low, and 3.63 percent below the high. PNW has a price/earnings ratio of 21. Investors typically compare the P/E ratio to a company's peers in the industry. The PNW value stock report compares PNW to some of its peers using value stock charts. The stock has a market capitalization of $9.61 billion. PNW will post this quarters earnings in days, on 0000-00-00.