Pinnacle West Capital Corporation (PNW)
NYSE: PNW · IEX Real-Time Price · USD
82.17
+0.10 (0.12%)
At close: Jul 19, 2024, 4:00 PM
82.19
+0.02 (0.02%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Pinnacle West Capital Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for PNW stock have an average target of 76.79, with a low estimate of 69 and a high estimate of 83.5. The average target predicts a decrease of -6.55% from the current stock price of 82.17.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PNW stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 6 | 7 | 8 | 8 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 11 | 13 | 14 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $81 → $78 | Buy | Maintains | $81 → $78 | -5.07% | Jul 2, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $76 → $72 | Hold | Maintains | $76 → $72 | -12.38% | Jun 24, 2024 |
| Ladenburg Thalmann | Ladenburg Thalmann | Hold → Strong Buy Upgrades $84 | Hold → Strong Buy | Upgrades | $84 | +1.62% | Jun 6, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $77 → $80 | Hold | Maintains | $77 → $80 | -2.64% | Jun 5, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $70 → $76 | Hold | Maintains | $70 → $76 | -7.51% | May 28, 2024 |
Financial Forecast
Revenue This Year
4.88B
from 4.70B
Increased by 3.90%
Revenue Next Year
5.11B
from 4.88B
Increased by 4.69%
EPS This Year
4.81
from 4.41
Increased by 9.00%
EPS Next Year
4.96
from 4.81
Increased by 3.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.3B | 5.5B | 5.8B | 6.1B | 6.3B |
| Avg | 4.9B | 5.1B | 5.4B | 5.6B | 5.9B |
| Low | 4.3B | 4.6B | 4.8B | 5.0B | 5.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.9% | 12.9% | 12.9% | 13.1% | 13.5% |
| Avg | 3.9% | 4.7% | 4.8% | 4.3% | 5.2% |
| Low | -8.8% | -6.2% | -5.3% | -7.1% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.31 | 5.35 | 5.76 | 6.02 | 6.25 |
| Avg | 4.81 | 4.96 | 5.38 | 5.70 | 5.99 |
| Low | 4.59 | 4.48 | 5.09 | 5.48 | 5.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.5% | 11.4% | 16.1% | 11.8% | 9.6% |
| Avg | 9.0% | 3.3% | 8.4% | 5.9% | 5.1% |
| Low | 4.1% | -6.8% | 2.5% | 1.8% | 1.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.