In a report released today, Paul Fremont from Mizuho Securities reiterated a Hold rating on Pnm Resources Inc (NYSE: PNM), with a price target of $38.50. The company’s shares opened today at $39.40.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.5% and a 69.2% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.
The word on The Street in general, suggests a Hold analyst consensus rating for Pnm Resources Inc with a $38.25 average price target, implying a -2.9% downside from current levels. In a report issued on July 31, SunTrust Robinson also reiterated a Hold rating on the stock with a $38 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $46 and a one-year low of $33.75. Currently, Pnm Resources Inc has an average volume of 463.7K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PNM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PNM Resources, Inc. is a holding company, which engages in the provision of electricity and energy efficiency products and services in New Mexico and Texas. It operates through the following segments: Public Service Company of New Mexico (PNM), Texas-New Mexico Power Company (TNMP), and Corporate and Other.
