Benzinga | Oct 8, 2021 12:13PM EDT

What 10 Analyst Ratings Have To Say About Pinnacle West Capital

Over the past 3 months, 10 analysts have published their opinion on Pinnacle West Capital (NYSE:PNW) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 0 0 7 1 2Last 30D 0 0 1 0 01M Ago 0 0 3 0 12M Ago 0 0 1 0 13M Ago 0 0 2 1 0

These 10 analysts have an average price target of $76.4 versus the current price of Pinnacle West Capital at 66.64, implying upside.

Below is a summary of how these 10 analysts rated Pinnacle West Capital over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average represents a 12.07% increase from the previous average price target of $86.89.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.