In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Hold rating on Pnm Resources Inc (PNM). The company’s shares opened today at $46.97, close to its 52-week high of $47.95.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of 9.9% and a 80.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., American States Water Company, and Connecticut Water Service.
Currently, the analyst consensus on Pnm Resources Inc is a Hold with an average price target of $45.13, representing a -3.9% downside. In a report issued on April 25, Merrill Lynch also upgraded the stock to Hold with a $48 price target.
See today’s analyst top recommended stocks >>
Pnm Resources Inc’s market cap is currently $3.73B and has a P/E ratio of 43.61. The company has a Price to Book ratio of 2.21.
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. operates as an investor-owned holding company, which provides electricity and electric 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.
