PNW stock: buy or sell?
October 18th, 2019
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona.
Should I buy PNW stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Pinnacle West Capital stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Pinnacle West Capital stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we gathered 13 ratings published for PNW stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-12||Morgan Stanley||Equal Weight||Underweight|
|2019-4-22||Credit Suisse Group||n/a||Buy|
|2019-4-15||Bank of America||Neutral||Buy|
|2019-3-1||Royal Bank of Canada||Outperform||Sector Perform|
|2019-2-25||Credit Suisse Group||n/a||Outperform|
|2019-1-30||Wells Fargo & Co||n/a||Hold|
|2019-1-22||Wolfe Research||Market Perform||Underperform|
PNW stock analysis
Pinnacle West Capital ended on October 18th at $93.91 and remained constant a tiny 0.23%.
Pinnacle West Capital remained constant a tiny 0.23% and closed at $93.91. Since Tuesday when PNW stock price broke down the SMA100d line, it slid $-0.62 per share (-0.66%). Since SMA50d and SMA100d crossed up on Oct 9th, PNW price slid a -1.75%. On June, PNW hit new all time highs, pushing higher previous ATH of $98.28 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Pinnacle West Capital depreciated a disappointing -1.62% this week. This was the third red week in a row, sliding in full a -3.60%.
In a weekly time frame, Pinnacle West Capital stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, PNW might consolidate in a flat-base, waiting to break out over or down under . Far behind is the all-time high Pinnacle West Capital hit early June but price is just -5.15% below that top. This week, Pinnacle West Capital stock crossed down the significant level of the 20-weeks moving average. Since late September when SMA10w and SMA20w crossed up, PNW price slipped $-3.50 per share (-3.59%).
PNW stock price history
PNW stock historical price chart
PNW stock reached all-time highs on June with a price of $99.01.
PNW stock price target is $100.00How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 6 price forecasts for PNW stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-20||UBS Group||Raises Target||$99.00||$104.00||5.1%|
|2019-8-9||SunTrust Banks||Lowers Target||$99.00||$98.00||-1%|
|2019-8-12||UBS Group||Lowers Target||$103.00||$99.00||-3.9%|
|2019-4-22||Credit Suisse Group||Set Price Target||n/a||$102.00||-|
|2019-2-25||Credit Suisse Group||Reiterates||$93.00||$100.00||7.5%|
Financials and fundamental analysis
Earnings date and Earnings per SharePinnacle West Capital reported outstanding results for 2018-Q4 on February. Pinnacle West Capital rocketed Earnings per Share (EPS) by 35.30%, beating analysts of $0.17. Pinnacle West Capital posted $0.23.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a nice increase of 3.53% to $3,691.25 million dollars. By contrast, its earnings margin (compared to revenues) stayed constant to 13.84%, that is $511.05 million.
|2013||$3,450 M||-||$406 M11.8%||-|
|2014||$3,492 M||1.21%||$398 M11.4%||-2.09%|
|2015||$3,495 M||0.11%||$437 M12.5%||9.98%|
|2016||$3,499 M||0.09%||$442 M12.6%||1.09%|
|2017||$3,565 M||1.90%||$488 M13.7%||10.50%|
|2018||$3,691 M||3.53%||$511 M13.8%||4.62%|
Quarterly financial resultsPinnacle West Capital posted $756.38 M in revenues for 2018-Q4, a -40.35% less compared to previous quarter. Reported quarter income marked $26.08 M with a profit margin of 3.45%. Profit margin plummed a -21.40% compared to previous quarter when profit margin was 24.84%. When comparing turnover to same quarter last year, Pinnacle West Capital sales marked a tight movement and stayed stable a -0.43%.
|2017-Q2||$945 M||-||$167 M17.7%||-|
|2017-Q3||$1,183 M||25.27%||$276 M23.3%||64.88%|
|2017-Q4||$760 M||-35.80%||$22 M2.8%||-92.17%|
|2018-Q1||$693 M||-8.81%||$3 M0.5%||-85.11%|
|2018-Q2||$974 M||40.62%||$167 M17.1%||5,076.59%|
|2018-Q3||$1,268 M||30.17%||$315 M24.8%||88.93%|
|2018-Q4||$756 M||-40.35%||$26 M3.4%||-91.72%|
|2019-Q1||$741 M||-2.09%||$18 M2.4%||-31.29%|
Pinnacle West Capital ownershipWhen you are planning to buy shares of a stock, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Pinnacle West Capital, 0.37% of all outstanding shares are owned by its staff.
Bearish positions for PNW stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Pinnacle West Capital:
|Market cap||$10.5 B||$3.2 B||$2.7 B||$25.3 B||$5.5 B|
|Total shares||112.3 M||66.1 M||40.8 M||358.1 M||50.4 M|
|Float shares||111.8 M||65.5 M||40.4 M||325.4 M||50.1 M|
|- Institutional holdings (%)||87.3%||78.1%||96.3%||89.5%||78.3%|
|- Insider holdings (%)||0.4%||1.0%||1.5%||0.1%||0.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$93.10 - $94.17|
|Average true range||$1.28|
|50d mov avg||$94.94|
|100d mov avg||$94.50|
|200d mov avg||$92.65|
Pinnacle West Capital performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Pinnacle West Capital, the benchmark is made against Avista, El Paso Electric, , IDACORP, NorthWestern, and Xcel Energy.
|PNWPinnacle West Cap...||1.15%||1.43%||14.01%|
|EEEl Paso Electric||1.68%||15.17%||15.31%|
Pinnacle West Capital competitorsWe chose a few stocks to conform a list of Pinnacle West Capital competitors to examine if you are interested in investing in PNW:
Latest PNW stock news
- InvestorPlace3 Big Stock Charts for Wednesday: Pinnacle West Capital, Comerica and Hartford Financial ServicesOctober 17, 2018