Pinnacle West Capital Corporation [NYSE: PNW] traded at a high on 10/02/20, posting a 3.37 gain after which it closed the day’ session at $77.86.
The results of the trading session contributed to over 1039360 shares changing hands. Over the past one week, the price volatility of Pinnacle West Capital Corporation stands at 2.53% while the volatility over the past one month is 2.52%.
The market cap for PNW stock reached $8.48 billion, with 112.64 million shares outstanding and 112.30 million shares in the current float. Compared to the average trading volume of 891.56K shares, PNW reached a trading volume of 1039360 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Pinnacle West Capital Corporation [PNW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PNW shares is $84.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PNW stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Pinnacle West Capital Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 18, 2020. The new note on the price target was released on June 15, 2020, representing the official price target for Pinnacle West Capital Corporation stock. On April 24, 2020, analysts decreased their price target for PNW shares from 110 to 87.
The Average True Range (ATR) for Pinnacle West Capital Corporation is set at 1.87, with the Price to Sales ratio for PNW stock in the period of the last 12 months amounting to 2.46. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.06.
How has PNW stock performed recently?
Pinnacle West Capital Corporation [PNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.54. With this latest performance, PNW shares gained by 5.33% in over the last four-week period, additionally plugging by 14.18% over the last 6 months – not to mention a drop of -18.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PNW stock in for the last two-week period is set at 65.10, with the RSI for the last a single of trading hit 75.40, and the three-weeks RSI is set at 59.61 for Pinnacle West Capital Corporation [PNW]. The present Moving Average for the last 50 days of trading for this stock 75.81, while it was recorded at 75.01 for the last single week of trading, and 81.19 for the last 200 days.
Pinnacle West Capital Corporation [PNW]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pinnacle West Capital Corporation [PNW] shares currently have an operating margin of +21.85 and a Gross Margin at +28.32. Pinnacle West Capital Corporation’s Net Margin is presently recorded at +15.51.
Return on Total Capital for PNW is now 6.92, given the latest momentum, and Return on Invested Capital for the company is 5.34. Return on Equity for this stock inclined to 10.11, with Return on Assets sitting at 2.98. When it comes to the capital structure of this company, Pinnacle West Capital Corporation [PNW] has a Total Debt to Total Equity ratio set at 107.02. Additionally, PNW Total Debt to Total Capital is recorded at 51.70, with Total Debt to Total Assets ending up at 31.45. Long-Term Debt to Equity for the company is recorded at 89.94, with the Long-Term Debt to Total Capital now at 43.45.
Reflecting on the efficiency of the workforce at the company, Pinnacle West Capital Corporation [PNW] managed to generate an average of $5,549,691 per employee. Receivables Turnover for the company is 8.58 with a Total Asset Turnover recorded at a value of 0.19.Pinnacle West Capital Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.80.
Earnings analysis for Pinnacle West Capital Corporation [PNW]
With the latest financial reports released by the company, Pinnacle West Capital Corporation posted 2.77/share EPS, while the average EPS was predicted by analysts to be reported at 3/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PNW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pinnacle West Capital Corporation go to 3.76%.
Insider trade positions for Pinnacle West Capital Corporation [PNW]
There are presently around $7,404 million, or 87.40% of PNW stock, in the hands of institutional investors. The top three institutional holders of PNW stocks are: VANGUARD GROUP INC with ownership of 13,658,486, which is approximately -2.638% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 10,819,376 shares of the stock with an approximate value of $842.4 million in PNW stocks shares; and STATE STREET CORP, currently with $489.4 million in PNW stock with ownership of nearly -5.22% of the company’s market capitalization.
Positions in Pinnacle West Capital Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 231 institutional holders increased their position in Pinnacle West Capital Corporation [NYSE:PNW] by around 13,156,018 shares. Additionally, 250 investors decreased positions by around 13,807,689 shares, while 76 investors held positions by with 68,130,581 shares. The mentioned changes placed institutional holdings at 95,094,288 shares, according to the latest SEC report filing. PNW stock had 66 new institutional investments in for a total of 2,598,083 shares, while 65 institutional investors sold positions of 1,520,261 shares during the same period.