Stock Rating Upgrade
The Value Trend Rating for Pinnacle West Capital Corp (NYSE: PNW) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Pinnacle West Capital Corp (NYSE: PNW) stock rose modestly by 0.6% on 7/29/24. The stock closed at $85.19. However, unusually low trading volume at 66% of normal accompanied the advance. The stock has risen 3.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PNW is expected to continue to be a Value Builder.
Pinnacle West Capital has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Pinnacle West Capital has a neutral Power Rating of 51 but a good Appreciation Score of 72, and the Positive Value Trend Rating results.
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