PNM Resources, Inc. (PNM)
NYSE: PNM · IEX Real-Time Price · USD
36.20
-0.09 (-0.25%)
Jul 2, 2024, 4:00 PM EDT - Market closed
PNM Resources Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for PNM Resources stock have an average target of 43.25, with a low estimate of 38 and a high estimate of 51. The average target predicts an increase of 19.48% from the current stock price of 36.20.
Analyst Consensus: Hold
* Price targets were last updated on May 30, 2024.
Analyst Ratings
The average analyst rating for PNM Resources stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Hold Initiates $38 | Hold | Initiates | $38 | +4.97% | May 30, 2024 |
| Barclays | Barclays | Buy Maintains $40 → $43 | Buy | Maintains | $40 → $43 | +18.78% | Apr 15, 2024 |
| Barclays | Barclays | Buy Initiates $40 | Buy | Initiates | $40 | +10.50% | Feb 8, 2024 |
| Mizuho | Mizuho | Strong Buy → Hold Downgrades $41 | Strong Buy → Hold | Downgrades | $41 | +13.26% | Jan 3, 2024 |
| Wells Fargo | Wells Fargo | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | +21.55% | Jan 3, 2024 |
Financial Forecast
Revenue This Year
2.11B
from 1.94B
Increased by 8.70%
Revenue Next Year
2.24B
from 2.11B
Increased by 6.12%
EPS This Year
2.71
from 1.02
Increased by 165.95%
EPS Next Year
2.84
from 2.71
Increased by 4.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.3B | 2.5B | 2.6B | 2.8B | 2.8B |
| Avg | 2.1B | 2.2B | 2.4B | 2.6B | 2.7B |
| Low | 1.8B | 2.0B | 2.2B | 2.5B | 2.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.0% | 16.3% | 14.5% | 19.0% | 5.8% |
| Avg | 8.7% | 6.1% | 5.9% | 11.5% | 1.7% |
| Low | -4.7% | -2.8% | -3.6% | 5.3% | -1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.84 | 2.97 | 3.23 | 3.54 | 3.68 |
| Avg | 2.71 | 2.84 | 3.05 | 3.35 | 3.54 |
| Low | 2.59 | 2.73 | 2.91 | 3.19 | 3.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 177.9% | 9.5% | 13.9% | 16.1% | 9.8% |
| Avg | 165.9% | 4.7% | 7.3% | 9.9% | 5.6% |
| Low | 153.6% | 0.8% | 2.5% | 4.9% | 2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.