Analysts have clear opinions on PNM.
There are 5 analysts on the Wall offering 12 month price targets for Pnm Resources in the last 3 months. The average price target is $52.60 with a high forecast of $55.00 and a low forecast of $50.00. The average price target represents a 4.82% increase from the last price of $50.18.
PNM Resources, Inc. (PNM) is followed by 5 analysts on the street.
Paul Fremont from Mizuho Securities rates it a Buy with a target of $55.00.
Similarly, Last month Ali Agha of SunTrust Robinson Reiterated a Hold with a target of $50.00.
The consensus on the street is Hold.
What does PNM Resources, Inc.(PNM) do ?
PNM Resources, Inc. operates as an investor-owned holding company, which provides electricity and electric services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other. The PNM segment includes the retail electric utility operations of the company. The TNMP segment provides transmission and distribution services of electricity in Texas. The Corporate and Other segment consists of holding company activities. The company was founded in 2000 and is headquartered in Albuquerque, NM.
PNM Resources, Inc. (PNM) Insider Trades
Multiple company employees have indulged in significant insider trading. PNM Resources, Inc. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
VP, CONTROLLER, TREASURER, Tarry Joseph Don : S – Sale+OE(-$76,520) of PNM in the trading session of 2019-03-07.
SVP, PUBLIC POLICY Darnell Ronald N. : S – Sale+OE(-$223,300) of PNM in the trading session of 2019-03-05.
SVP, GC, SECY Apodaca Patrick V : S – Sale+OE(-$212,736) of PNM Resources, Inc. in the trading session of 2019-03-06.
Looking for stocks just like PNM?
Based on Wall Street analyst research, several stocks are similar to PNM
– PNW [Info can be found here: https://www.nasdaq.com/market-activity/stocks/PNW ]
– EIX [Info can be found here: https://www.nasdaq.com/market-activity/stocks/EIX ]
– NWE [Info can be found here: https://www.nasdaq.com/market-activity/stocks/NWE ]