In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on Pnm Resources (PNM – Research Report), with a price target of $43.00. The company’s shares closed yesterday at $39.09.
According to TipRanks, Tucker is a 5-star analyst with an average return of 8.3% and a 65.06% success rate. Tucker covers the Utilities sector, focusing on stocks such as Exelon, American Electric Power, and American Water.
Pnm Resources has an analyst consensus of Moderate Buy, with a price target consensus of $43.00, which is a 10.00% upside from current levels. In a report released on January 3, Mizuho Securities also downgraded the stock to a Hold with a $41.00 price target.
See today’s best-performing stocks on TipRanks >>
PNM market cap is currently $3.36B and has a P/E ratio of 21.89.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- Wells Fargo upgrades PNM Resources to Overweight after Avangrid terminates deal
- Avangrid price target raised to $34 from $33 at Mizuho
- PNM downgraded to Neutral after deal termination at Mizuho
- PNM Resources downgraded to Neutral from Buy at Mizuho
- PNM Resources upgraded to Overweight from Equal Weight at Wells Fargo
