PNM Resources (Holding Co.) (PNM) Receives Price Target

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 $34. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $36.2 and the possibility the share price can swing is $1.92.

PNM Resources (Holding Co.) (PNM) : 7 analysts are covering PNM Resources (Holding Co.) (PNM) and their average rating on the stock is 1.86, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


PNM Resources (Holding Co.) (NYSE:PNM): The stock opened at $31.75 on Thursday but the bulls could not build on the opening and the stock topped out at $31.88 for the day. The stock traded down to $31.47 during the day, due to lack of any buying support eventually closed down at $31.56 with a loss of -0.72% for the day. The stock had closed at $31.79 on the previous day. The total traded volume was 380,068 shares.

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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