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.
Several price targets were given for PNW by the analysts covering the stock. The most optimistic price target was 96, implying potential capital gains of 11.23 percent. The most pessimistic analyst gave a price target of 73, implying a possible loss 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. Over the past 30 days, FY earnings estimates have also changed upwards by 0.35 percent. If we look at the last 90 days instead, we find a net average change of -0.12 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' 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. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
Analysts estimate earnings of PNW to grow at a rate of 3.6 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. PNW has a PEG ratio of 5.83.
In the trailing 52-weeks, PNW hit 89.56 at the highest peak, while it's lowest trading point was 70.87. The current market price is above the trailing year's low by 21.79 percent, and below the high by 3.63 percent. 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 market cap of PNW is $9.61 billion. PNW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.