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Pinnacle West Capital (PNW) Gets a Hold from RBC Capital

Tipranks - Thu Apr 30, 9:16PM CDT

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

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

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