Last Updated: 10 Nov 2024
Executive Summary
Pinnacle West Capital Corp (PNW) is a utility holding company with a market capitalization of $10.44 billion. The company has a strong financial position, with a trailing PE ratio of 16.78, a PEGRatio of 2.99, and a dividend yield of 0.0401. PNW's fundamentals are solid, with a profit margin of 0.123, an operating margin of 0.316, and a return on equity of 0.0958. Technically, PNW is in a bullish trend, with a 50-day moving average of $88.34 and a 200-day moving average of $79.13. Analysts are bullish on PNW, with 6 strong buy ratings, 2 buy ratings, and 8 hold ratings. The analyst target price is $92.23.
Company Overview
Pinnacle West Capital Corp is a utility holding company that owns Arizona Public Service and Bright Canyon Energy. The company provides electricity and natural gas to customers in Arizona. PNW has a long history of providing reliable and affordable energy to its customers. The company is committed to providing clean and sustainable energy solutions.
Fundamental Analysis
PNW's fundamentals are solid. The company has a strong financial position, with a trailing PE ratio of 16.78, a PEGRatio of 2.99, and a dividend yield of 0.0401. PNW's profit margin is 0.123, its operating margin is 0.316, and its return on equity is 0.0958. These metrics indicate that PNW is a profitable and efficient company.
Technical Analysis
PNW is in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages for the past several months. The stock is also trading in a rising channel. This technical analysis indicates that PNW is likely to continue to trend higher in the short term.
Short Term Outlook
The short-term outlook for PNW is positive. The stock is trading in a bullish trend and is likely to continue to trend higher in the short term. The stock is currently trading at $91.81, and it is likely to reach the analyst target price of $92.23 in the next few months.
Long Term Outlook
The long-term outlook for PNW is also positive. The company has a strong financial position and is committed to providing clean and sustainable energy solutions. The company is well-positioned to benefit from the growing demand for electricity and natural gas.
Analyst Recommendations
Analysts are bullish on PNW. The consensus analyst rating is buy, with a target price of $92.23. Six analysts have a strong buy rating, two analysts have a buy rating, and eight analysts have a hold rating.
