Stock To Watch: Pinnacle West Capital Corporation (NYSE:PNW)


The leading market experts have placed a mean price target of $78.54 on Pinnacle West Capital Corporation (NYSE:PNW) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $3.99 for the current fiscal.

Technical View

The technical analysis of Pinnacle West Capital Corporati plainly substantiates that the 50-day moving average of Pinnacle West Capital Corporati is $78.51, and stock is trading $-3.52 points away or -4.48% from its 50-day moving average of $78.51. Further it is trading $0.34 or +0.45% away its 200-day moving average of $74.65. Pinnacle West Capital Corporation (NYSE:PNW) 52-week high is $82.78 and the 52-week low is $57.33.

This explains if the stock moves $-7.79, it will post a 52-week high. In event of +30.80% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Pinnacle West Capital Corporati, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Pinnacle West Capital Corporation (NYSE:PNW) ratio came in at 19.80.

The stock last ended the trading session at $74.99 and registered a market cap of $8.34B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Pinnacle West Capital Corporation (NYSE:PNW) PEG ratio is at 5.09.

1 Chart Pattern Every Investor Should Know

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