Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Pinnacle West Capital Corp (NYSE:PNW) on Friday, setting a price target of $73, which is approximately 0.75% above the present share price of $72.46.
Byrd expects Pinnacle West Capital Corp to post earnings per share (EPS) of $0.27 for the second quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Pinnacle West Capital, with an average price target of $86.5.
The analysts price targets range from a high of $100 to a low of $81.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $661.93 million and a net profit of $40.42 million. The company's market cap is $8.1 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% 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.