NYSE:PNM - PNM Resources Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $50.00
  • Forecasted Upside: 0.62 %
  • Number of Analysts: 6
  • Breakdown:
  • 2 Sell Ratings
  • 4 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$49.69
▼ -0.06 (-0.12%)

This chart shows the closing price for PNM by one month, three months, or twelve months.

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Analyst Price Target for PNM

Analyst Price Target is $50.00
▲ +0.62% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for PNM Resources in the last 3 months. The average price target is $50.00, with a high forecast of $50.00 and a low forecast of $50.00. The average price target represents a 0.62% upside from the last price of $49.69.

This chart shows the closing price for PNM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 6 investment analysts is to hold stock in PNM Resources. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 2 sell ratings
5/1/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 2 sell ratings
7/30/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 2 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 2 sell ratings
1/26/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 2 sell ratings
4/26/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 2 sell ratings
7/25/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 2 sell ratings
9/23/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 2 sell ratings
10/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/25/2021ArgusDowngradeBuy ➝ HoldLow
4/23/2021Williams CapitalReiterated RatingHoldLow
3/9/2021CitigroupReiterated RatingBuy ➝ NeutralN/A
3/3/2021CitigroupDowngradeBuy ➝ NeutralMedium
1/6/2021Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$50.00N/A
11/18/2020BarclaysDowngradeEqual Weight ➝ Underweight$50.00Low
10/26/2020UBS GroupDowngradeBuy ➝ NeutralLow
10/22/2020BarclaysDowngradeOverweight ➝ Equal Weight$50.00High
10/22/2020MizuhoDowngradeBuy ➝ Neutral$52.00High
10/21/2020Wells Fargo & CompanyDowngradeOverweight ➝ Equal WeightHigh
10/21/2020SidotiDowngradeBuy ➝ NeutralLow
10/14/2020CitigroupInitiated CoverageBuy$51.00Low
9/21/2020SidotiInitiated CoverageBuyMedium
8/11/2020Wells Fargo & CompanyUpgradeEqual Weight ➝ OverweightHigh
6/5/2020UBS GroupBoost Price TargetBuy$45.00 ➝ $49.00High
6/3/2020MizuhoBoost Price TargetBuy$43.00 ➝ $45.00Medium
5/15/2020BarclaysUpgradeEqual Weight ➝ Overweight$47.00 ➝ $44.00High
5/8/2020UBS GroupLower Price TargetBuy$49.00 ➝ $45.00Low
5/4/2020Bank of AmericaLower Price TargetBuy$47.00 ➝ $43.00Low
5/1/2020Wells Fargo & CompanyReiterated RatingHoldLow
4/30/2020Royal Bank of CanadaReiterated RatingHold$46.00Medium
4/22/2020BarclaysReiterated RatingHold$47.00High
4/8/2020Royal Bank of CanadaReiterated RatingHold$46.00High
4/2/2020Wells Fargo & CompanyLower Price TargetOverweight ➝ Equal Weight$48.00 ➝ $40.00High
4/1/2020UBS GroupUpgradeNeutral ➝ Buy$59.00 ➝ $49.00Low
3/26/2020BarclaysLower Price TargetEqual Weight$52.00 ➝ $40.00High
3/13/2020BarclaysReiterated RatingHold$52.00High
1/30/2020Evercore ISIReiterated RatingHold$55.00Low
1/29/2020Wells Fargo & CompanyReiterated RatingHoldLow
1/13/2020MizuhoBoost Price TargetBuy$54.00 ➝ $55.00Low
12/19/2019Wells Fargo & CompanyBoost Price TargetEqual Weight$53.00 ➝ $54.00Low
12/19/2019UBS GroupLower Price TargetNeutral$53.00 ➝ $52.00Low
12/18/2019Wells Fargo & CompanyReiterated RatingHoldLow
11/21/2019BarclaysUpgradeUnderweight ➝ Equal Weight$52.00 ➝ $51.00Low
11/1/2019Wells Fargo & CompanyReiterated RatingHoldLow
9/30/2019SunTrust BanksBoost Price TargetHold$49.00 ➝ $50.00Medium
9/30/2019Bank of AmericaUpgradeNeutral ➝ Buy$56.00Medium
9/6/2019UBS GroupBoost Price TargetNeutral$50.00 ➝ $53.00Low
7/15/2019Wells Fargo & CompanySet Price TargetHold$52.00Low
7/15/2019MizuhoBoost Price TargetBuy$52.50 ➝ $54.00Low
6/19/2019BarclaysReiterated RatingSell$49.00Low
6/12/2019UBS GroupUpgradeSell ➝ Neutral$49.15High
6/10/2019Wells Fargo & CompanyReiterated RatingHoldLow
5/17/2019BarclaysSet Price TargetSell$47.00Low
5/10/2019MizuhoUpgradeNeutral ➝ Buy$43.50 ➝ $49.50High
5/8/2019Wells Fargo & CompanyReiterated RatingHoldLow
4/25/2019Bank of AmericaUpgradeUnderperform ➝ Neutral$48.00Low
3/18/2019Williams CapitalReiterated RatingSellLow
3/8/2019MizuhoUpgradeUnderperform ➝ Neutral$42.50 ➝ $43.50High
2/28/2019Wells Fargo & CompanySet Price TargetHold$45.00High
2/28/2019Bank of AmericaReiterated RatingUnderperform ➝ Underperform$40.00 ➝ $43.00Low
1/14/2019MizuhoDowngradeNeutral ➝ Underperform$39.50 ➝ $38.50High
12/4/2018Bank of AmericaReiterated RatingUnderperform ➝ Underperform$39.00 ➝ $42.00High
11/19/2018BarclaysBoost Price TargetUnderweight ➝ Sell$38.00 ➝ $39.00Low
11/7/2018Bank of AmericaBoost Price TargetUnderperform$36.00 ➝ $39.00High
10/16/2018Bank of AmericaLower Price TargetUnderperform ➝ Underperform$38.00 ➝ $36.00Low
7/10/2018BarclaysInitiated CoverageUnderweight$37.00Low
4/2/2018SunTrust BanksReiterated RatingHold$37.00Low
2/28/2018Wells Fargo & CompanySet Price TargetHold$42.00 ➝ $38.00High
2/12/2018SunTrust BanksSet Price TargetHold$34.00Medium
2/5/2018SunTrust BanksSet Price TargetHold$35.00High
2/2/2018UBS GroupInitiated CoverageSell$36.00Low
2/1/2018Royal Bank of CanadaReiterated RatingHold$40.00Low
1/23/2018MizuhoUpgradeUnderperform ➝ Neutral$37.00Medium
1/16/2018SunTrust BanksSet Price TargetHold$36.00High
1/11/2018MizuhoReiterated RatingSell$30.50High
1/3/2018SunTrust BanksSet Price TargetHold$38.00Low
12/26/2017SunTrust BanksReiterated RatingHold$39.00Low
11/10/2017SunTrust BanksReiterated RatingHold$38.00N/A
10/30/2017MizuhoReiterated RatingSell$35.00N/A
10/24/2017SunTrust BanksReiterated RatingHold$38.00N/A
10/24/2017Bank of AmericaInitiated CoverageUnderperform$38.00N/A
9/26/2017Evercore ISIDowngradeIn-Line ➝ Underperform$37.50Low
9/22/2017Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$42.00Low
9/18/2017Williams CapitalDowngradeHold ➝ Sell$38.00Medium
9/1/2017KeyCorpReiterated RatingHoldLow
8/31/2017Jefferies Financial GroupReiterated RatingHold$43.00Low
8/18/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformLow
8/18/2017LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$41.00Low
8/11/2017ArgusReiterated RatingBuy$43.00 ➝ $41.40Low
7/21/2017Jefferies Financial GroupReiterated RatingHold$38.00Medium
6/3/2017Royal Bank of CanadaSet Price TargetBuy$39.00Medium
4/19/2017MizuhoInitiated CoverageUnderperform$32.25Medium
3/31/2017Evercore ISIInitiated CoverageIn-Line$36.00Low
3/9/2017Royal Bank of CanadaBoost Price TargetOutperform$37.00 ➝ $38.00Low
3/1/2017BarclaysReiterated RatingHold$36.00N/A
3/1/2017Williams CapitalDowngradeBuy ➝ Hold$35.00 ➝ $36.00N/A
3/1/2017Jefferies Financial GroupBoost Price TargetHold$36.50N/A
1/5/2017Jefferies Financial GroupDowngradeBuy ➝ Hold$34.50N/A
12/15/2016Jefferies Financial GroupReiterated RatingBuyN/A
12/2/2016BarclaysDowngradeOverweight ➝ Equal Weight$35.00 ➝ $33.00N/A
(Data available from 10/24/2016 forward)

News Sentiment Rating

0.92 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/28/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/27/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/27/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/26/2021
  • 1 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/26/2021
  • 2 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/25/2021
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/24/2021
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/24/2021

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Very Positive

PNM Resources logo
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.
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Today's Range

Now: $49.69
Low: $49.66
High: $49.82

50 Day Range

MA: $49.34
Low: $47.55
High: $49.84

52 Week Range

Now: $49.69
Low: $46.93
High: $50.17

Volume

507,506 shs

Average Volume

789,610 shs

Market Capitalization

$4.27 billion

P/E Ratio

20.28

Dividend Yield

2.64%

Beta

0.53

Frequently Asked Questions

What sell-side analysts currently cover shares of PNM Resources?

The following Wall Street analysts have issued reports on PNM Resources in the last year: Argus, Barclays PLC, Citigroup Inc., UBS Group AG, Wells Fargo & Company, and Williams Capital.
View the latest analyst ratings for PNM.

What is the current price target for PNM Resources?

2 Wall Street analysts have set twelve-month price targets for PNM Resources in the last year. Their average twelve-month price target is $50.00, suggesting a possible upside of 0.6%. Barclays PLC has the highest price target set, predicting PNM will reach $50.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of $50.00 for PNM Resources in the next year.
View the latest price targets for PNM.

What is the current consensus analyst rating for PNM Resources?

PNM Resources currently has 2 sell ratings and 4 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PNM, but not buy more shares or sell existing shares.
View the latest ratings for PNM.

What other companies compete with PNM Resources?

How do I contact PNM Resources' investor relations team?

PNM Resources' physical mailing address is 414 SILVER AVE. SW, ALBUQUERQUE NM, 87102. The utilities provider's listed phone number is (505) 241-2700 and its investor relations email address is [email protected] The official website for PNM Resources is www.pnmresources.com.