Zacks Rating on PNM Resources (Holding Co.) (PNM)

PNM Resources (Holding Co.) (PNM) : The consensus on PNM Resources (Holding Co.) (PNM) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

PNM Resources (Holding Co.) (PNM) : The most positive equity analysts on PNM Resources (Holding Co.) (PNM) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $36.4 with an expected fluctuation of $1.67 from the mean.


Shares of PNM Resources, Inc. appreciated by 2.99% during the last five trading days but lost 3.03% on a 4-week basis. PNM Resources, Inc. is up 3.37% in the last 3-month period. Year-to-Date the stock performance stands at 10.57%. PNM Resources (Holding Co.) (NYSE:PNM): On Tuesdays trading session , Opening price of the stock was $33.39 with an intraday high of $33.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.1. However, the stock managed to close at $33.11, a loss of 0.45% for the day. On the previous day, the stock had closed at $33.26. The total traded volume of the day was 377,106 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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