Pinnacle West Capital (PNW) Gets a Hold from RBC Capital
RBC Capital analyst Stephen D’Ambrisi maintained a Hold rating on Pinnacle West Capital on April 28 and set a price target of $100.00. The company’s shares closed yesterday at $103.12.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, D’Ambrisi is a 3-star analyst with an average return of 11.0% and an 88.89% success rate. D’Ambrisi covers the Utilities sector, focusing on stocks such as Exelon, Alliant Energy, and WEC Energy Group.
In addition to RBC Capital, Pinnacle West Capital also received a Hold from BMO Capital’s James Thalacker in a report issued on April 22. However, on April 13, Argus Research maintained a Buy rating on Pinnacle West Capital (NYSE: PNW).
Based on Pinnacle West Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.13 billion and a net profit of $15.4 million. In comparison, last year the company earned a revenue of $1.1 billion and had a GAAP net loss of $6.83 million
Read More on PNW:
Disclaimer & DisclosureReport an Issue
- Pinnacle West price target lowered to $98 from $99 at Morgan Stanley
- Pinnacle West price target raised to $106 from $97 at Wells Fargo
- Pinnacle West initiated with a Hold at Truist
- Pinnacle West Highlights APS Growth Outlook and Investment Strategy
- Pinnacle West price target raised to $106 from $95 at Argus
