SunTrust Robinson Reaffirms Their Hold Rating on Pinnacle West Capital Corp

By Ryan Adsit

In a report issued on October 9, Ali Agha from SunTrust Robinson reiterated a Hold rating on Pinnacle West Capital Corp (NYSE: PNW), with a price target of $84. The company’s shares opened today at $86.48.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 8.1% and a 77.1% success rate. Agha covers the Utilities sector, focusing on stocks such as American Electric Power, Great Plains Energy Inc, and Integrys Energy Group.

Currently, the analyst consensus on Pinnacle West Capital Corp is Hold and the average price target is $87.33, representing a 1.0% upside.

In a report issued on October 1, RBC Capital also reiterated a Hold rating on the stock with a $89 price target.

Pinnacle West Capital Corp’s market cap is currently $9.64B and has a P/E ratio of 19.12. The company has a book value ratio of 1.9847.

Based on the recent corporate insider activity of 79 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.