Benzinga | Oct 19, 2021 12:09PM EDT

Expert Ratings For Pinnacle West Capital

Pinnacle West Capital (NYSE:PNW) has observed the following analyst ratings within the last quarter:

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

These 11 analysts have an average price target of $73.27 versus the current price of Pinnacle West Capital at 67.465, implying upside.

Below is a summary of how these 11 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 has decreased by 14.1% from the previous average price target of $85.3.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

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.