In a report released today, Anthony Crowdell from Mizuho Securities upgraded Pnm Resources (PNM – Research Report) to a Buy, with a price target of $50.30. The company’s shares closed yesterday at $44.77.
Crowdell covers the Utilities sector, focusing on stocks such as Black Hills, Avista, and IdaCorp. According to TipRanks, Crowdell has an average return of 2.6% and a 57.07% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pnm Resources with a $50.30 average price target.
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PNM market cap is currently $3.84B and has a P/E ratio of 16.16.
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Pnm Resources (PNM) Company Description:
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.
Read More on PNM:
- PNM unanimous settlement agreement for San Juan credits approved
- PNM Resources announces settlement agreement in San Juan coal plant case
- PNM Resources Board Declares Quarterly Common Stock Dividend
- Public Service Company of New Mexico Declares Preferred Dividend
- Pnm Resources (PNM) Reveals Q3 Dividend: Here’s the Essential Information
