In a report released on May 14, Shelby Tucker from RBC Capital maintained a Hold rating on Pnm Resources (PNM – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $38.48.
Tucker covers the Utilities sector, focusing on stocks such as Atlantica Yield, PPL, and American Water. According to TipRanks, Tucker has an average return of 10.8% and a 73.97% success rate on recommended stocks.
Currently, the analyst consensus on Pnm Resources is a Moderate Buy with an average price target of $42.67.
PNM market cap is currently $3.45B and has a P/E ratio of 42.47.
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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.
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