Pinnacle West Capital Corp (NYSE: PNW) has reported earnings for its third fiscal quarter (ending September 30) of $3.47 versus $3.51 for the same period a year ago — a decline of -1%. E.P.S. were $5.42 for the latest four quarters through September 30 versus $4.21 for the same period a year ago — an increase of 29%.
Recent Price Action
Pinnacle West Capital Corp (NYSE: PNW) stock enjoyed a large increase of 3.9% on 11/6/24. The stock closed at $90.10. Moreover, trading volume in this advance was exceptionally high at 269% of normal. The stock has risen 3.0% during the last week and has been exceptionally strong relative to 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 A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pinnacle West Capital has a good Appreciation Score of 72 and a good Power Rating of 85, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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