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Pnm Resources (PNM) Gets a Hold Rating from RBC Capital

RBC Capital analyst Shelby Tucker maintained a Hold rating on Pnm Resources (PNMResearch Report) on February 16 and set a price target of $50.30. The company’s shares closed last Thursday at $44.69, close to its 52-week low of $43.84.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.7% and a 72.3% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Chesapeake Utilities.

Pnm Resources has an analyst consensus of Hold, with a price target consensus of $49.66, implying an 11.1% upside from current levels. In a report issued on February 9, Mizuho Securities also maintained a Hold rating on the stock with a $53.00 price target.

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Based on Pnm Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $434 million and net profit of $11.35 million. In comparison, last year the company earned revenue of $359 million and had a net profit of $8.91 million.

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Public Service Co. of New Mexico provides electricity and electric services. It offers payment options, billing, save money and energy and business energy analyzer. The company was founded in 1917 and is headquartered in Albuquerque, NM.

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