Brokerage Firm Rating on PNM Resources (Holding Co.) (PNM)

PNM Resources (Holding Co.) (PNM) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

PNM Resources (Holding Co.) (PNM) : The highest level PNM Resources (Holding Co.) (PNM) is projected to reach is $39 for the short term and the lowest estimate is at $35. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $36 and the possibility the share price can swing is $1.73.


For the current week, the company shares have a recommendation consensus of Buy. PNM Resources (Holding Co.) (NYSE:PNM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.38 and $33.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.45, notching a gain of 0.15% for the day. The total traded volume was 509,053 . The stock had closed at $33.40 on the previous day.

In a related news,The (SVP, PUBLIC POLICY) of Pnm Resources Inc, Darnell Ronald N. sold 113 shares at $33.05 on March 16, 2016. The Insider selling transaction had a total value worth of $3,735. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Companys business segments include PNM, TNMP and Corporate and Other. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company. The Companys primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

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