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PNM Resources - PNM Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $46.80
  • Forecasted Upside: 28.54%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$36.41 As of 04/24/2024 12:51 PM ET
▲ +0.12 (0.33%)

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 $46.80
▲ +28.54% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for PNM Resources in the last 3 months. The average price target is $46.80, with a high forecast of $55.00 and a low forecast of $41.00. The average price target represents a 28.54% upside from the last price of $36.41.

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 Moderate Buy

The current consensus among 5 contributing investment analysts is to moderate buy stock in PNM Resources. This Moderate Buy 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
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/1/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/27/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/15/2024BarclaysBoost TargetOverweight ➝ Overweight$40.00 ➝ $43.00Low
2/8/2024BarclaysInitiated CoverageOverweight$40.00Low
1/3/2024MizuhoDowngradeBuy ➝ Neutral$41.00Low
1/3/2024Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$44.00Low
9/26/2023MizuhoUpgradeNeutral ➝ Buy$50.30Low
9/18/2023CitigroupReiterated RatingNeutral ➝ Neutral$51.00Low
5/16/2023Siebert Williams ShankUpgradeHold ➝ Buy$53.00 ➝ $55.00Low
1/9/2023MizuhoDowngradeBuy ➝ Neutral$51.00 ➝ $50.30Low
12/14/2022Wells Fargo & CompanyBoost Target$48.00Low
10/20/2022Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$53.00 ➝ $45.00Low
9/7/2022MizuhoLower TargetBuy$52.00 ➝ $51.00Low
6/22/2022MizuhoUpgradeNeutral ➝ Buy$53.00 ➝ $52.00Low
2/9/2022MizuhoBoost TargetNeutral$47.00 ➝ $53.00Low
12/13/2021Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$50.00Low
12/10/2021BarclaysLower TargetUnderweight ➝ Underweight$50.00 ➝ $45.00Medium
12/2/2021Wells Fargo & CompanyUpgradeUnderweight ➝ Equal Weight$50.00 ➝ $47.00Low
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 TargetBuy$45.00 ➝ $49.00High
6/3/2020MizuhoBoost TargetBuy$43.00 ➝ $45.00Medium
5/15/2020BarclaysUpgradeEqual Weight ➝ Overweight$47.00 ➝ $44.00High
5/8/2020UBS GroupLower TargetBuy$49.00 ➝ $45.00Low
5/4/2020Bank of AmericaLower 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 TargetOverweight ➝ Equal Weight$48.00 ➝ $40.00High
4/1/2020UBS GroupUpgradeNeutral ➝ Buy$59.00 ➝ $49.00Low
3/26/2020BarclaysLower 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 TargetBuy$54.00 ➝ $55.00Low
12/19/2019Wells Fargo & CompanyBoost TargetEqual Weight$53.00 ➝ $54.00Low
12/19/2019UBS GroupLower 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 TargetHold$49.00 ➝ $50.00Medium
9/30/2019Bank of AmericaUpgradeNeutral ➝ Buy$56.00Medium
9/6/2019UBS GroupBoost TargetNeutral$50.00 ➝ $53.00Low
7/15/2019Wells Fargo & CompanySet TargetHold$52.00Low
7/15/2019MizuhoBoost 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 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
(Data available from 4/24/2019 forward)

News Sentiment Rating

0.84 (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
  • 15 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2023
  • 5 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2023
  • 4 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2023
  • 5 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2023
  • 11 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
1/25/2024
  • 15 very positive mentions
  • 15 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2024
  • 12 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/25/2024
  • 8 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024

Current Sentiment

  • 8 very positive mentions
  • 13 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.

Positive

Very Positive

PNM Resources logo
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
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Today's Range

Now: $36.41
Low: $35.89
High: $36.44

50 Day Range

MA: $37.11
Low: $35.87
High: $38.01

52 Week Range

Now: $36.41
Low: $34.63
High: $48.92

Volume

74,615 shs

Average Volume

1,398,874 shs

Market Capitalization

$3.28 billion

P/E Ratio

35.35

Dividend Yield

4.22%

Beta

0.35

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: Barclays PLC, Citigroup Inc., Mizuho, Siebert Williams Shank, StockNews.com, TheStreet, and Wells Fargo & Company.
View the latest analyst ratings for PNM.

What is the current price target for PNM Resources?

5 Wall Street analysts have set twelve-month price targets for PNM Resources in the last year. Their average twelve-month price target is $46.80, suggesting a possible upside of 28.5%. Siebert Williams Shank has the highest price target set, predicting PNM will reach $55.00 in the next twelve months. Mizuho has the lowest price target set, forecasting a price of $41.00 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 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PNM.

What other companies compete with PNM Resources?

Other companies that are similar to PNM Resources include Otter Tail, Portland General Electric, IDACORP, Hawaiian Electric Industries and OGE Energy. Learn More about companies similar to 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. Learn More about contacing PNM Resources investor relations.