PNM Resources, Inc. (PNM)
NYSE: PNM · IEX Real-Time Price · USD
36.29
-0.40 (-1.09%)
Apr 23, 2024, 4:00 PM EDT - Market closed
PNM Resources Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for PNM Resources stock have an average target of 45, with a low estimate of 41 and a high estimate of 51. The average target predicts an increase of 24.00% from the current stock price of 36.29.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for PNM Resources stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $40 → $43 | Buy | Maintains | $40 → $43 | +18.49% | Apr 15, 2024 |
| Barclays | Barclays | Buy Initiates $40 | Buy | Initiates | $40 | +10.22% | Feb 8, 2024 |
| Mizuho | Mizuho | Strong Buy → Hold Downgrades $41 | Strong Buy → Hold | Downgrades | $41 | +12.98% | Jan 3, 2024 |
| Wells Fargo | Wells Fargo | Hold → Buy Upgrades $44 | Hold → Buy | Upgrades | $44 | +21.25% | Jan 3, 2024 |
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $50 | Hold → Strong Buy | Upgrades | $50 | +38.61% | Sep 26, 2023 |
Financial Forecast
Revenue This Year
2.28B
from 1.94B
Increased by 17.78%
Revenue Next Year
2.45B
from 2.28B
Increased by 7.05%
EPS This Year
2.70
from 1.02
Increased by 164.37%
EPS Next Year
2.83
from 2.70
Increased by 5.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.6B | 2.7B | 2.8B | 2.8B |
| Avg | 2.3B | 2.4B | 2.6B | 2.7B |
| Low | 2.0B | 2.2B | 2.3B | 2.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 35.6% | 19.8% | 16.4% | 10.3% |
| Avg | 17.8% | 7.0% | 4.9% | 4.8% |
| Low | 5.2% | -2.4% | -4.3% | 0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.85 | 2.97 | 3.24 | 3.57 |
| Avg | 2.70 | 2.83 | 3.04 | 3.41 |
| Low | 2.57 | 2.71 | 2.89 | 3.28 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 179.3% | 10.2% | 14.5% | 17.4% |
| Avg | 164.4% | 5.1% | 7.3% | 12.1% |
| Low | 151.7% | 0.6% | 1.9% | 7.9% |
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.