PNM Resources (Holding Co.) (PNM) Receives Analyst Rating

PNM Resources (Holding Co.) (PNM) : Zacks Investment Research ranks PNM Resources (Holding Co.) (PNM) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.86, which indicates as a Buy.

PNM Resources (Holding Co.) (PNM) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $33. The average forecast of all the analysts is $36 and the expected standard deviation is $2.24.


Also, Brokerage firm SunTrust Robinson Humphrey maintains its rating on PNM Resources (Holding Co.) (NYSE:PNM). As per the latest information, the brokerage house lowers the price target to $34 per share from a prior target of $35. The shares have been rated Neutral. The rating by the firm was issued on August 29, 2016.

PNM Resources (Holding Co.) (NYSE:PNM): After opening at $31.31, the stock dipped to an intraday low of $31.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.95 and the buying power remained strong till the end. The stock closed at $31.92 for the day, a gain of 1.95% for the day session. The total traded volume was 548,322. The stocks close on the previous trading day was $31.31.

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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