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PNM Stock Forecast 2025-2026
$52.56
Current Price
$3.77B
Market Cap
Buy 2
Hold 4
Sell 4
Wall St Analyst Ratings
Distance to PNM Price Targets
+4.6%
To High Target of $55.00
-14.4%
To Median Target of $45.00
-27.7%
To Low Target of $38.00
PNM Price Momentum
-1.9%
1 Week Change
+1.6%
1 Month Change
+38.6%
1 Year Change
+6.9%
Year-to-Date Change
-5.3%
From 52W High of $55.50
+47.8%
From 52W Low of $35.56
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Latest PNM Stock Price Targets & Analyst Predictions
Based on our analysis of 10 Wall Street analysts, PNM has a neutral consensus with a median price target of $45.00 (ranging from $38.00 to $55.00). The overall analyst rating is Buy (7.8/10). Currently trading at $52.56, the median forecast implies a -14.4% downside. This outlook is supported by 2 Buy, 4 Hold, and 4 Sell ratings.
Conversely, the most conservative target is provided by Greg Gordon at Evercore ISI Group, suggesting a 27.7% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
PNM Analyst Ratings
2
Buy
4
Hold
4
Sell
PNM Price Target Range
Low
$38.00
Average
$45.00
High
$55.00
Current: $52.56
Latest PNM Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for PNM.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Aug 1, 2024 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $46.00 |
| Jul 22, 2024 | Barclays | Nicholas Campanella | Overweight | Maintains | $45.00 |
| May 30, 2024 | Evercore ISI Group | Greg Gordon | In-Line | Reinstates | $38.00 |
| Apr 15, 2024 | Barclays | Nicholas Campanella | Overweight | Maintains | $43.00 |
| Feb 8, 2024 | Barclays | Nicholas Campanella | Overweight | Initiates | $40.00 |
| Jan 3, 2024 | Wells Fargo | Anthony Crowdell | Overweight | Upgrade | $44.00 |
| Jan 3, 2024 | Mizuho | Anthony Crowdell | Neutral | Downgrade | $41.00 |
| Sep 26, 2023 | Mizuho | Anthony Crowdell | Buy | Upgrade | $50.30 |
| Sep 18, 2023 | Citigroup | Ryan Levine | Neutral | Maintains | $51.00 |
| Jun 22, 2023 | Citigroup | Ryan Levine | Neutral | Maintains | $51.00 |
| Jan 9, 2023 | Mizuho | Anthony Crowdell | Neutral | Downgrade | $50.30 |
| Oct 20, 2022 | Wells Fargo | Jonathan Reeder | Equal-Weight | Downgrade | $45.00 |
| Sep 7, 2022 | Mizuho | Paul Fremont | Buy | Maintains | $51.00 |
| Jun 22, 2022 | Mizuho | Paul Fremont | Buy | Upgrade | $52.00 |
| Apr 29, 2022 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $53.00 |
| Apr 27, 2022 | Wells Fargo | Jonathan Reeder | Overweight | Maintains | $54.00 |
| Feb 9, 2022 | Mizuho | Paul Fremont | Neutral | Maintains | $53.00 |
| Dec 13, 2021 | Wells Fargo | Overweight | Upgrade | $0.00 | |
| Dec 10, 2021 | Barclays | Eric Beaumont | Underweight | Maintains | $45.00 |
| Dec 3, 2021 | Wells Fargo | Jonathan Reeder | Equal-Weight | Upgrade | $47.00 |
PNM Resources Inc (PNM) Competitors
The following stocks are similar to PNM Resources based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
PNM
PNM Resources
mkt cap
3.77B
PNM Resources Inc (PNM) Financial Data
PNM Resources Inc has a market capitalization of $3.77B with a P/E ratio of 46.4x. The company generates $1.84B in trailing twelve-month revenue with a 4.5% profit margin.
Revenue growth is +2.3% quarter-over-quarter, while maintaining an operating margin of +21.7% and return on equity of +4.1%.
Valuation Metrics
Market Cap
$3.77B
Enterprise Value
$9.03B
P/E Ratio
46.4x
PEG Ratio
14.9x
Price/Sales
2.0x
Growth & Margins
Revenue Growth (YoY)
+2.3%
Gross Margin
+63.3%
Operating Margin
+21.7%
Net Margin
+4.5%
EPS Growth
+6.1%
Financial Health
Cash/Price Ratio
+0.1%
Current Ratio
0.5x
Debt/Equity
216.9x
ROE
+4.1%
ROA
+1.4%
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PNM Resources Inc (PNM) Business Model
About PNM Resources Inc
What They Do
Provides electricity and electric services in the U.S.
Business Model
The company operates through two segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM generates, transmits, and distributes electricity using multiple energy sources, while TNMP focuses on regulated transmission and distribution services. Revenue is primarily generated from residential, commercial, and industrial customers in New Mexico and Texas.
Additional Information
Founded in 1882 and based in Albuquerque, New Mexico, PNM Resources has a diverse energy portfolio that includes coal, natural gas, nuclear, solar, wind, geothermal, and battery storage. The company also owns various assets including office space and vehicles to support its operations.
Company Information
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
1,635
CEO
Ms. Patricia K. Vincent-Collawn
Country
United States
IPO Year
1984
Website
www.pnmresources.comPNM Resources Inc (PNM) Latest News & Analysis
Latest News
Quick Summary
TXNM Energy, Inc. (NYSE: TXNM) has officially changed its holding company name, effective August 2, 2024, at 5:00 PM ET.
Why It Matters
A name change can impact brand perception and investor sentiment, potentially influencing stock performance and market positioning for TXNM Energy, Inc.
Source: PRNewsWire
Market Sentiment:
Neutral
Quick Summary
PNM Resources, Inc. will hold its Q2 2024 Earnings Conference Call on July 31, 2024, at 11:00 AM ET, featuring key company executives and analysts from major firms.
Why It Matters
Upcoming earnings calls provide insights into a company's financial health, performance trends, and strategic direction, influencing stock valuation and investor sentiment.
Source: Seeking Alpha
Market Sentiment:
Neutral
PNM Resources Reports Second Quarter 2024 Results
9 months ago
Quick Summary
PNM Resources affirmed Q2 2024 ongoing earnings guidance of $2.65-$2.75 per share, reporting Q2 GAAP EPS of $0.53 and ongoing EPS of $0.60. Name change to TXNM Energy expected August 5, 2024.
Why It Matters
Affirmed earnings guidance and consistent EPS indicate stability and potential growth, while the name change to TXNM Energy may signal a strategic shift, impacting investor perception and stock performance.
Source: PRNewsWire
Market Sentiment:
Neutral
Quick Summary
PNM Resources reported a year-over-year increase in Q2 2024 earnings and revenues, alongside a decline in total operating expenses.
Why It Matters
PNM Resources' rising earnings and revenues alongside declining operating expenses indicate improved profitability, which can boost investor confidence and potentially increase stock value.
Source: Zacks Investment Research
Market Sentiment:
Neutral
PNM Resources (PNM) Beats Q2 Earnings Estimates
9 months ago
Quick Summary
PNM Resources reported Q3 earnings of $0.60 per share, surpassing the Zacks estimate of $0.55 and up from $0.55 per share in the same quarter last year.
Why It Matters
PNM Resources' earnings beat expectations and show year-over-year growth, indicating strong financial performance which can boost investor confidence and potentially drive stock prices higher.
Source: Zacks Investment Research
Market Sentiment:
Positive
PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5
9 months ago
Quick Summary
PNM Resources, Inc. will change its holding company name to TXNM Energy, Inc., effective August 2, 2024, at 5:00 PM ET.
Why It Matters
The name change to TXNM Energy signals a rebranding strategy, potentially impacting investor perception and market performance of PNM Resources.
Source: PRNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About PNM Stock
What is PNM Resources Inc's (PNM) stock forecast for 2025?
Based on our analysis of 10 Wall Street analysts, PNM Resources Inc (PNM) has a median price target of $45.00. The highest price target is $55.00 and the lowest is $38.00.
Is PNM stock a good investment in 2025?
According to current analyst ratings, PNM has 2 Buy ratings, 4 Hold ratings, and 4 Sell ratings. The stock is currently trading at $52.56. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for PNM stock?
Wall Street analysts predict PNM stock could reach $45.00 in the next 12 months. This represents a -14.4% decrease from the current price of $52.56. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is PNM Resources Inc's business model?
The company operates through two segments: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM generates, transmits, and distributes electricity using multiple energy sources, while TNMP focuses on regulated transmission and distribution services. Revenue is primarily generated from residential, commercial, and industrial customers in New Mexico and Texas.
What is the highest forecasted price for PNM PNM Resources Inc?
Price targets from Wall Street analysts for PNM are not currently available. The stock is trading at $52.56.
What is the lowest forecasted price for PNM PNM Resources Inc?
The lowest price target for PNM is $38.00 from Greg Gordon at Evercore ISI Group, which represents a -27.7% decrease from the current price of $52.56.
What is the overall PNM consensus from analysts for PNM Resources Inc?
The overall analyst consensus for PNM is neutral. Out of 10 Wall Street analysts, 2 rate it as Buy, 4 as Hold, and 4 as Sell, with a median price target of $45.00.
How accurate are PNM stock price projections?
Stock price projections, including those for PNM Resources Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: May 11, 2025 4:46 PM UTC