$40.78
0.330.81%
At Close: -
$40.78
00.00%
After Hours: Jul 26, 4:00 PM EDT
15 minutes delayed
Comments
Loading...
PNM Resources (NYSE:PNM) Stock, Analyst Ratings, Price Targets, Forecasts
PNM Resources Inc has a consensus price target of $45 based on the ratings of 8 analysts. The high is $51 issued by Citigroup on September 18, 2023. The low is $38 issued by Evercore ISI Group on May 30, 2024. The 3 most-recent analyst ratings were released by Barclays, Evercore ISI Group, and Barclays on July 22, 2024, May 30, 2024, and April 15, 2024, respectively. With an average price target of $42 between Barclays, Evercore ISI Group, and Barclays, there's an implied 2.99% upside for PNM Resources Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Barclays
Evercore ISI Group
Mizuho
Wells Fargo
Citigroup
1calculated from analyst ratings
Analyst Ratings for PNM Resources
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/22/2024 | Buy Now | 10.35% | Barclays | Nicholas Campanella | $43 → $45 | Maintains | Overweight | Get Alert |
| 05/30/2024 | Buy Now | -6.82% | Evercore ISI Group | Greg Gordon | → $38 | Reinstates | → In-Line | Get Alert |
| 04/15/2024 | Buy Now | 5.44% | Barclays | Nicholas Campanella | $40 → $43 | Maintains | Overweight | Get Alert |
| 02/08/2024 | Buy Now | -1.91% | Barclays | Nicholas Campanella | → $40 | Initiates | → Overweight | Get Alert |
| 01/03/2024 | Buy Now | 0.54% | Mizuho | Anthony Crowdell | → $41 | Downgrade | Buy → Neutral | Get Alert |
| 01/03/2024 | Buy Now | 7.9% | Wells Fargo | Anthony Crowdell | → $44 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/26/2023 | Buy Now | 23.34% | Mizuho | Anthony Crowdell | → $50.3 | Upgrade | Neutral → Buy | Get Alert |
| 09/18/2023 | Buy Now | 25.06% | Citigroup | Ryan Levine | $51 → $51 | Maintains | Neutral | Get Alert |
| 06/22/2023 | Buy Now | 25.06% | Citigroup | Ryan Levine | $50.3 → $51 | Maintains | Neutral | Get Alert |
| 01/09/2023 | Buy Now | 23.34% | Mizuho | Anthony Crowdell | $51 → $50.3 | Downgrade | Buy → Neutral | Get Alert |
| 10/20/2022 | Buy Now | 10.35% | Wells Fargo | Jonathan Reeder | $53 → $45 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 09/07/2022 | Buy Now | 25.06% | Mizuho | Paul Fremont | $52 → $51 | Maintains | Buy | Get Alert |
| 06/22/2022 | Buy Now | 27.51% | Mizuho | Paul Fremont | $53 → $52 | Upgrade | Neutral → Buy | Get Alert |
| 04/29/2022 | Buy Now | 29.97% | Wells Fargo | Jonathan Reeder | $54 → $53 | Maintains | Overweight | Get Alert |
| 04/27/2022 | Buy Now | 32.42% | Wells Fargo | Jonathan Reeder | $50 → $54 | Maintains | Overweight | Get Alert |
| 02/09/2022 | Buy Now | 29.97% | Mizuho | Paul Fremont | $47 → $53 | Maintains | Neutral | Get Alert |
| 12/13/2021 | Buy Now | 22.61% | Wells Fargo | Jonathan Reeder | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 12/10/2021 | Buy Now | 10.35% | Barclays | Eric Beaumont | — | Maintains | Underweight | Get Alert |
| 12/03/2021 | Buy Now | 15.25% | Wells Fargo | Jonathan Reeder | — | Upgrade | Underweight → Equal-Weight | Get Alert |
FAQ
What is the target price for PNM Resources (PNM) stock?
The latest price target for PNM Resources (NYSE:PNM) was reported by Barclays on July 22, 2024. The analyst firm set a price target for $45.00 expecting PNM to rise to within 12 months (a possible 10.35% upside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for PNM Resources (PNM)?
The latest analyst rating for PNM Resources (NYSE:PNM) was provided by Barclays, and PNM Resources maintained their overweight rating.
When was the last upgrade for PNM Resources (PNM)?
The last upgrade for PNM Resources Inc happened on January 3, 2024 when Wells Fargo raised their price target to $44. Wells Fargo previously had an equal-weight for PNM Resources Inc.
When was the last downgrade for PNM Resources (PNM)?
The last downgrade for PNM Resources Inc happened on January 3, 2024 when Mizuho changed their price target from N/A to $41 for PNM Resources Inc.
When is the next analyst rating going to be posted or updated for PNM Resources (PNM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PNM Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PNM Resources was filed on July 22, 2024 so you should expect the next rating to be made available sometime around July 22, 2025.
Is the Analyst Rating PNM Resources (PNM) correct?
While ratings are subjective and will change, the latest PNM Resources (PNM) rating was a maintained with a price target of $43.00 to $45.00. The current price PNM Resources (PNM) is trading at is $40.78, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.