NYSE:PNM - PNM Resources Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $48.25
  • Forecasted Upside: -1.89 %
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 6 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$49.18
▲ +0.15 (0.31%)
1 month | 3 months | 12 months
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Analyst Price Target for PNM

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$48.25
▼ -1.89% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for PNM Resources in the last 3 months. The average price target is $48.25, with a high forecast of $55.00 and a low forecast of $40.00. The average price target represents a -1.89% upside from the last price of $49.18.
Hold
The current consensus among 9 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

  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 2 sell ratings
6/12/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 2 sell ratings
9/10/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 2 sell ratings
12/9/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 2 sell ratings
3/8/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings
6/6/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings
9/4/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 1 sell ratings
11/3/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 1 sell ratings
12/3/2020

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/18/2020BarclaysDowngradeEqual Weight ➝ Underweight$50.00Low
i
10/26/2020UBS GroupDowngradeBuy ➝ NeutralLow
i
10/22/2020BarclaysDowngradeOverweight ➝ Equal Weight$50.00High
i
10/22/2020MizuhoDowngradeBuy ➝ Neutral$52.00High
i
10/21/2020Wells Fargo & CompanyDowngradeOverweight ➝ Equal WeightHigh
i
10/21/2020SidotiDowngradeBuy ➝ NeutralLow
i
10/14/2020CitigroupInitiated CoverageBuy$51.00Low
i
9/21/2020SidotiInitiated CoverageBuyMedium
i
8/11/2020Wells Fargo & CompanyUpgradeEqual Weight ➝ OverweightHigh
i
6/5/2020UBS GroupBoost Price TargetBuy$45.00 ➝ $49.00High
i
Rating by Daniel Ford at UBS Group AG
6/3/2020MizuhoBoost Price TargetBuy$43.00 ➝ $45.00Medium
i
5/15/2020BarclaysUpgradeEqual Weight ➝ Overweight$47.00 ➝ $44.00High
i
Rating by Eric Beaumont at Barclays PLC
5/8/2020UBS GroupLower Price TargetBuy$49.00 ➝ $45.00Low
i
Rating by Daniel Ford at UBS Group AG
5/4/2020Bank of AmericaLower Price TargetBuy$47.00 ➝ $43.00Low
i
5/1/2020Wells Fargo & CompanyReiterated RatingHoldLow
i
4/30/2020Royal Bank of CanadaReiterated RatingHold$46.00Medium
i
4/22/2020BarclaysReiterated RatingHold$47.00High
i
Rating by Eric Beaumont at Barclays PLC
4/8/2020Royal Bank of CanadaReiterated RatingHold$46.00High
i
4/2/2020Wells Fargo & CompanyLower Price TargetOverweight ➝ Equal Weight$48.00 ➝ $40.00High
i
4/1/2020UBS GroupUpgradeNeutral ➝ Buy$59.00 ➝ $49.00Low
i
3/26/2020BarclaysLower Price TargetEqual Weight$52.00 ➝ $40.00High
i
Rating by Eric Beaumont at Barclays PLC
3/13/2020BarclaysReiterated RatingHold$52.00High
i
Rating by Eric Beaumont at Barclays PLC
1/30/2020Evercore ISIReiterated RatingHold$55.00Low
i
1/29/2020Wells Fargo & CompanyReiterated RatingHoldLow
i
1/13/2020MizuhoBoost Price TargetBuy$54.00 ➝ $55.00Low
i
Rating by Paul Fremont at Mizuho
12/19/2019Wells Fargo & CompanyBoost Price TargetEqual Weight$53.00 ➝ $54.00Low
i
Rating by Jonathan Reeder at Wells Fargo & Company
12/19/2019UBS GroupLower Price TargetNeutral$53.00 ➝ $52.00Low
i
12/18/2019Wells Fargo & CompanyReiterated RatingHoldLow
i
Rating by Jonathan Reeder at Wells Fargo & Company
11/21/2019BarclaysUpgradeUnderweight ➝ Equal Weight$52.00 ➝ $51.00Low
i
11/1/2019Wells Fargo & CompanyReiterated RatingHoldLow
i
Rating by Jonathan Reeder at Wells Fargo & Company
9/30/2019SunTrust BanksBoost Price TargetHold$49.00 ➝ $50.00Medium
i
9/30/2019Bank of AmericaUpgradeNeutral ➝ Buy$56.00Medium
i
9/6/2019UBS GroupBoost Price TargetNeutral$50.00 ➝ $53.00Low
i
7/15/2019Wells Fargo & CompanySet Price TargetHold$52.00Low
i
Rating by Jonathan Reeder at Wells Fargo & Company
7/15/2019MizuhoBoost Price TargetBuy$52.50 ➝ $54.00Low
i
6/19/2019BarclaysReiterated RatingSell$49.00Low
i
Rating by Eric Beaumont at Barclays PLC
6/12/2019UBS GroupUpgradeSell ➝ Neutral$49.15High
i
6/10/2019Wells Fargo & CompanyReiterated RatingHoldLow
i
Rating by Jonathan Reeder at Wells Fargo & Company
5/17/2019BarclaysSet Price TargetSell$47.00Low
i
Rating by Eric Beaumont at Barclays PLC
5/10/2019MizuhoUpgradeNeutral ➝ Buy$43.50 ➝ $49.50High
i
5/8/2019Wells Fargo & CompanyReiterated RatingHoldLow
i
Rating by Jonathan Reeder at Wells Fargo & Company
4/25/2019Bank of AmericaUpgradeUnderperform ➝ Neutral$48.00Low
i
3/18/2019Williams CapitalReiterated RatingSellLow
i
Rating by C. Ellinghaus at Williams Capital
3/8/2019MizuhoUpgradeUnderperform ➝ Neutral$42.50 ➝ $43.50High
i
2/28/2019Wells Fargo & CompanySet Price TargetHold$45.00High
i
Rating by Jonathan Reeder at Wells Fargo & Company
2/28/2019Bank of AmericaReiterated RatingUnderperform ➝ Underperform$40.00 ➝ $43.00Low
i
1/14/2019MizuhoDowngradeNeutral ➝ Underperform$39.50 ➝ $38.50High
i
12/4/2018Bank of AmericaReiterated RatingUnderperform ➝ Underperform$39.00 ➝ $42.00High
i
11/19/2018BarclaysBoost Price TargetUnderweight ➝ Sell$38.00 ➝ $39.00Low
i
Rating by Eric Beaumont at Barclays PLC
11/7/2018Bank of AmericaBoost Price TargetUnderperform$36.00 ➝ $39.00High
i
10/16/2018Bank of AmericaLower Price TargetUnderperform ➝ Underperform$38.00 ➝ $36.00Low
i
7/10/2018BarclaysInitiated CoverageUnderweight$37.00Low
i
4/2/2018SunTrust BanksReiterated RatingHold$37.00Low
i
Rating by Ali Agha at SunTrust Banks, Inc.
2/28/2018Wells Fargo & CompanySet Price TargetHold$42.00 ➝ $38.00High
i
2/12/2018SunTrust BanksSet Price TargetHold$34.00Medium
i
Rating by Ali Agha at SunTrust Banks, Inc.
2/5/2018SunTrust BanksSet Price TargetHold$35.00High
i
Rating by Ali Agha at SunTrust Banks, Inc.
2/2/2018UBS GroupInitiated CoverageSell$36.00Low
i
2/1/2018Royal Bank of CanadaReiterated RatingHold$40.00Low
i
1/23/2018MizuhoUpgradeUnderperform ➝ Neutral$37.00Medium
i
1/16/2018SunTrust BanksSet Price TargetHold$36.00High
i
Rating by Ali Agha at SunTrust Banks, Inc.
1/11/2018MizuhoReiterated RatingSell$30.50High
i
1/3/2018SunTrust BanksSet Price TargetHold$38.00Low
i
12/26/2017SunTrust BanksReiterated RatingHold$39.00Low
i
11/10/2017SunTrust BanksReiterated RatingHold$38.00N/A
i
10/30/2017MizuhoReiterated RatingSell$35.00N/A
i
10/24/2017SunTrust BanksReiterated RatingHold$38.00N/A
i
10/24/2017Bank of AmericaInitiated CoverageUnderperform$38.00N/A
i
9/26/2017Evercore ISIDowngradeIn-Line ➝ Underperform$37.50Low
i
9/22/2017Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$42.00Low
i
9/18/2017Williams CapitalDowngradeHold ➝ Sell$38.00Medium
i
Rating by C. Ellinghaus at Williams Capital
9/1/2017KeyCorpReiterated RatingHoldLow
i
8/31/2017Jefferies Financial GroupReiterated RatingHold$43.00Low
i
8/18/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformLow
i
Rating by Biraj Borkhataria at Royal Bank of Canada
8/18/2017LADENBURG THALM/SH SHDowngradeBuy ➝ Neutral$41.00Low
i
Rating by Brian Russo at LADENBURG THALM/SH SH
8/11/2017ArgusReiterated RatingBuy$43.00 ➝ $41.40Low
i
7/21/2017Jefferies Financial GroupReiterated RatingHold$38.00Medium
i
6/3/2017Royal Bank of CanadaSet Price TargetBuy$39.00Medium
i
Rating by Biraj Borkhataria at Royal Bank of Canada
4/19/2017MizuhoInitiated CoverageUnderperform$32.25Medium
i
3/31/2017Evercore ISIInitiated CoverageIn-Line$36.00Low
i
3/9/2017Royal Bank of CanadaBoost Price TargetOutperform$37.00 ➝ $38.00Low
i
3/1/2017BarclaysReiterated RatingHold$36.00N/A
i
3/1/2017Williams CapitalDowngradeBuy ➝ Hold$35.00 ➝ $36.00N/A
i
Rating by C. Ellinghaus at Williams Capital
3/1/2017Jefferies Financial GroupBoost Price TargetHold$36.50N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
1/5/2017Jefferies Financial GroupDowngradeBuy ➝ Hold$34.50N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
12/15/2016Jefferies Financial GroupReiterated RatingBuyN/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
12/2/2016BarclaysDowngradeOverweight ➝ Equal Weight$35.00 ➝ $33.00N/A
i
10/4/2016Williams CapitalUpgradeHold ➝ Buy$35.00N/A
i
Rating by C. Ellinghaus at Williams Capital
9/29/2016Jefferies Financial GroupReiterated RatingBuy$37.50N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
9/26/2016SunTrust BanksBoost Price TargetNeutral$34.00 ➝ $35.00N/A
i
9/22/2016ArgusLower Price TargetBuy$40.00 ➝ $38.00N/A
i
9/21/2016Williams CapitalReiterated RatingHoldN/A
i
Rating by C. Ellinghaus at Williams Capital
9/20/2016Jefferies Financial GroupUpgradeHold ➝ BuyN/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
9/12/2016SunTrust BanksLower Price TargetNeutral$34.00 ➝ $33.00N/A
i
8/30/2016Jefferies Financial GroupReiterated RatingHold$35.00N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
8/29/2016SunTrust BanksLower Price TargetNeutral$35.00 ➝ $34.00N/A
i
7/18/2016Jefferies Financial GroupReiterated RatingHoldN/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
5/2/2016Jefferies Financial GroupReiterated RatingHoldN/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
3/24/2016Jefferies Financial GroupDowngradeBuy ➝ Hold$36.00 ➝ $34.00N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
3/21/2016ArgusBoost Price TargetBuy$35.00 ➝ $38.00N/A
i
3/19/2016BarclaysReiterated RatingBuyN/A
i
Rating by Daniel Ford at Barclays PLC
3/18/2016BarclaysBoost Price TargetOverweight$33.00 ➝ $36.00N/A
i
Rating by Daniel Ford at Barclays PLC
3/14/2016SunTrust BanksBoost Price TargetNeutral$32.00 ➝ $33.00N/A
i
3/7/2016SunTrust BanksBoost Price TargetNeutral$31.00 ➝ $32.00N/A
i
3/2/2016Robert W. BairdReiterated RatingBuyN/A
i
Rating by David Parker at Robert W. Baird
2/29/2016Jefferies Financial GroupBoost Price TargetBuy$33.00 ➝ $36.00N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
1/4/2016BarclaysReiterated RatingBuy$32.00 ➝ $33.00N/A
i
Rating by Daniel Ford at Barclays PLC
12/24/2015ArgusBoost Price TargetBuy$31.00 ➝ $35.00N/A
i
12/21/2015Jefferies Financial GroupBoost Price TargetBuy$32.00 ➝ $33.00N/A
i
Rating by Anthony Crowdell at Jefferies Financial Group Inc.
12/14/2015SunTrust BanksLower Price Target$29.00 ➝ $28.00N/A
i
12/14/2015GabelliUpgradeHold ➝ Buy$36.00N/A
i
Rating by T. Winter at Gabelli
(Data available from 12/3/2015 forward)
PNM Resources logo
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses 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 is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1917 and is headquartered in Albuquerque, New Mexico.
Read More

Today's Range

Now: $49.18
$48.98
$49.22

50 Day Range

MA: $48.84
$45.50
$50.17

52 Week Range

Now: $49.18
$27.08
$56.14

Volume

1,247,081 shs

Average Volume

919,406 shs

Market Capitalization

$3.92 billion

P/E Ratio

22.25

Dividend Yield

2.51%

Beta

0.63