RBC Capital Reiterates Their Hold Rating on Pinnacle West Capital Corp

By Austin Angelo

In a report issued on August 27, Shelby Tucker from RBC Capital reiterated a Hold rating on Pinnacle West Capital Corp (NYSE: PNW), with a price target of $89. The company’s shares closed yesterday at $90.44, close to its 52-week high of $90.47.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.7% and a 80.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Chesapeake Utilities Corp, Public Service Enterprise, and American Electric Power.

Pinnacle West Capital Corp has an analyst consensus of Hold, with a price target consensus of $89.

Pinnacle West Capital Corp’s market cap is currently $10.1B and has a P/E ratio of 20.01. The company has a book value ratio of 2.0775.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.

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Pinnacle West Capital Corp. operates as 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.