RBC Capital analyst Shelby Tucker maintained a Hold rating on Pnm Resources (PNM – Research Report) yesterday and set a price target of $50.30. The company’s shares closed yesterday at $44.30.
Tucker covers the Utilities sector, focusing on stocks such as Southern Co, American Electric Power, and American Water. According to TipRanks, Tucker has an average return of 8.9% and a 61.17% success rate on recommended stocks.
Currently, the analyst consensus on Pnm Resources is a Moderate Buy with an average price target of $50.77.
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Based on Pnm Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $477.16 million and a net profit of $31.32 million. In comparison, last year the company earned a revenue of $499.73 million and had a GAAP net loss of $6.09 million
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Public Service Co. of New Mexico provides electricity and electric services. It offers payment options, billing, save money and energy and business energy analyzer. The company was founded in 1917 and is headquartered in Albuquerque, NM.
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