Pinnacle West (PNW) is a Top-Ranked Value Stock: Should You Buy?
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Pinnacle West (PNW)
Phoenix, AZ-based Pinnacle West Capital Corporation was incorporated in 1985. The company provides electricity services (wholesale or retail) in the state of Arizona through its subsidiaries. The company is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar.
PNW boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of Pinnacle West are trading at a forward earnings multiple of 18.9X, as well as a PEG Ratio of 2.3, a Price/Cash Flow ratio of 5.4X, and a Price/Sales ratio of 2.1X.
Many value investors pay close attention to a company's earnings as well. For PNW, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $4.77 per share for 2024. Per share PNW boasts an average earnings surprise of 247.4%.
Investors should take the time to consider PNW for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Pinnacle West Capital Corporation (PNW) : Free Stock Analysis Report