PNM Resources, Inc. with ticker code (PNM) now have 5 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between 55 and 48 suggesting an average Analsyt target price of $50.78. Given that the stocks previous close was at $45.66 this would imply there is now a potential upside of 11.2%. The 50 day moving average now sits at $48.17 and the 200 moving average now moves to $48.11. The market capitalization for the company is 3.93B. The stock price is currently at: 45.75 USD
The potential market cap would be $4,367,287,480 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 18.9, revenue per share of 27.28 and a 2.91% return on assets.
PNM Resources, Inc. is a holding company with two regulated utilities, providing electricity and electric services in New Mexico and Texas. The Company’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM is an electric utility, which provides electric generation, transmission and distribution service to its rate-regulated customers. PNM’s retail electric service territory covers an area of north-central New Mexico, including the cities of Albuquerque, Rio Rancho and Santa Fe, and certain areas of southern New Mexico. Other services provided by PNM include wholesale transmission services to third parties. TNMP provides transmission and distribution services in Texas. TNMP’s transmission and distribution activities are solely within Electric Reliability Council of Texas (ERCOT), which is the independent system operator responsible for maintaining reliable operations for the bulk electric power supply system in Texas.
