Analysis Of The Weekly Performance Of Pinnacle West Capital Corporation (PNW)

Pinnacle West Capital Corporation (NYSE:PNW) trading with a subtraction of -$4.58 to $69.60 on Thursday, a downside of -6.17 percent. An average of 848,500 shares of common stock have been traded in the last five days. There was a fall of -$3.17 in the past week. The last 20 days have seen an average of 1,086,715 shares traded, while the 50-day average volume stands at 955,226.

PNW stock has decreased by -2.11% in the last month. The company shares reached their 1-month lowest point of $68.83 on 10/07/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $69.89 and a high of $91.88 in 52 weeks. In spite of this, the price is down -24.25% from the 52-week high.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Valuation Metrics

Pinnacle West Capital Corporation (PNW) has a trailing price-to-earnings (P/E) ratio of 15.90, which compares with the 17.20 for the broader industry and 23.53 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Pinnacle West Capital Corporation’s PE ratio has ranged between 21.95 and 13.16. The stock’s beta is 0.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.27, the price-to-book (PB) ratio at 1.46.

Pinnacle West Capital Corporation pays a $3.32 dividend per share annually. It offers a dividend yield of 4.76%. The company has a payout ratio of 63.80%. The company’s most recent quarterly dividend payment took place on Sep. 1, and it was $0.83 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.64 reported on Wednesday December 16 2020. Dividends have grown by 19.45% each year over the last three years.

Pinnacle West Capital Corporation will next go ex-dividend on 1-Nov. The next dividend payment Pinnacle West Capital Corporation will make is expected to be $0.83.

The quick ratio of Pinnacle West Capital Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.22 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of 43.9%. Pinnacle West Capital Corporation’s EBITDA margin for the year ending June 29 is 41.21%, while its operating margin for the same period stands at 22.00%. Its gross profit as reported stood at $788.15 million compared to revenue of $3.59 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pinnacle West Capital Corporation’s return on assets was 2.90%, compared to 2.9% over the last five years. In the past year, the return on investment has been 5.40%, and the 5-year average is 6.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 10.10% and the 5-year average holds at 9.9%. For the broader industry, ROE averaged 9.87 over the past year.

Earnings Surprise

The analyst consensus anticipated Pinnacle West Capital Corporation’s latest quarter earnings to come in at $1.65 per share, but it turned out to be $1.91, a 15.80% surprise. For the quarter, EBITDA amounted to $463.9 million. Shareholders own equity worth $112.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Pinnacle West Capital Corporation (PNW) price momentum. RSI 9-day as of the close on 06 October was 30.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.15%.

As of today, PNW’s price is $72.44 -4.38% or -$3.17 from its 5-day moving average. PNW is currently trading -8.41% lower than its 20-day SMA and -19.02% lower than its 100-day SMA. However, the stock’s current price level is -18.91% below the SMA50 and -10.48% below the SMA200.

The stochastic %K and %D were 44.18% and 52.65%, respectively, and the average true range (ATR) was 1.86. With the 14-day stochastic at 6.45% and the average true range at 1.68, the RSI (14) stands at 31.20%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.54.

Analyst Ratings

Guggenheim downgraded Pinnacle West Capital Corporation (NYSE: PNW) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Pinnacle West Capital Corporation (PNW) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell PNW, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.

What is PNW’s price target for the next 12 months?

Analysts predict a range of price targets between $62.00 and $97.00, with a median target of $81.00. Taking a look at these predictions, the average price target given by analysts for Pinnacle West Capital Corporation (PNW) stock is $79.69.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Hot Topics

Related Videos

Related Videos

Related Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

592

100% free. stop anytime no spam