Barclays (LON:BARC) analyst Eric Beaumont maintained a Hold rating on Pinnacle West Capital Corp (NYSE:PNW) on Friday, setting a price target of $70, which is approximately 5.79% above the present share price of $66.17.
Beaumont expects Pinnacle West Capital Corp to post earnings per share (EPS) of $3.01 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Pinnacle West Capital, with an average price target of $66.33.
The analysts price targets range from a high of $80 to a low of $58.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.31 billion and a net profit of $429.37 million. The company's market cap is $7.47 billion.
According to TipRanks.com, Barclays analyst Eric Beaumont is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.3% and a 58.82% success rate.
Pinnacle West Capital Corp. is a holding company, which engages in providing energy and energy-related products. It offers regulated retail and wholesale electricity businesses and related activities, such as electricity generation, transmission and distribution through its subsidiary, Arizona Public Service Co. The company was founded on February 20, 1985 and is headquartered in Phoenix, AZ.