In a report released on April 12, Nicholas Campanella from Barclays maintained a Buy rating on Pnm Resources (PNM – Research Report), with a price target of $43.00. The company’s shares closed last Friday at $36.23.
Campanella covers the Utilities sector, focusing on stocks such as CMS Energy, Duke Energy, and Ameren. According to TipRanks, Campanella has an average return of 3.6% and a 55.19% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pnm Resources with a $42.50 average price target.
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 net profit of $26.05 million
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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 Resources Announces Senior VP & Counsel Retirement
- PNM Resources Management to Meet with Investors
- Public Service Company of New Mexico Declares Preferred Dividend
- PNM Resources Revamps Executive Compensation and Incentive Plans
- PNM Resources backs FY24 ongoing EPS view $2.65-$2.75, consensus $2.68
