PNM Resources, Inc. (Holding Co.) (PNM) Social Stream
PNM RESOURCES INC (PNM) Price Targets From Analysts
Use the tables below to see what analysts covering PNM RESOURCES INC think about its future price and what recommendations they have for investors and traders.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-04-23 | 4 | $50 | $49 | $49.5 | $37.93 | 30.5% |
| 2021-12-03 | 4 | $49 | $47 | $48 | $37.93 | 26.55% |
| 2021-12-10 | 5 | $49 | $47 | $48.333 | $37.93 | 27.43% |
| 2022-01-25 | 5 | $50 | $45 | $48.25 | $37.93 | 27.21% |
| 2022-02-04 | 5 | $50 | $45 | $48.5 | $37.93 | 27.87% |
| 2022-04-11 | 3 | $50 | $45 | $48.333 | $37.93 | 27.43% |
| 2022-08-13 | 4 | $52 | $45 | $49.25 | $37.93 | 29.84% |
| 2022-09-17 | 4 | $51 | $45 | $49 | $37.93 | 29.19% |
| 2022-10-20 | 2 | $51 | $45 | $48.666 | $37.93 | 28.3% |
| 2023-01-08 | 3 | $51 | $45 | $48.666 | $37.93 | 28.3% |
| 2023-06-06 | 3 | $50.3 | $45 | $48.433 | $37.93 | 27.69% |
| 2023-06-12 | 3 | $51 | $45 | $48.766 | $37.93 | 28.57% |
| 2023-06-22 | 5 | $51 | $45 | $49.325 | $37.93 | 30.04% |
| 2023-09-26 | 5 | $51 | $47 | $49.825 | $37.93 | 31.36% |
| 2023-12-15 | 5 | $51 | $47 | $49.575 | $37.93 | 30.7% |
The Trend in the Analyst Price Target
Over the past 28 months, PNM's average price target has gone down $0.48.
PNM reports an average of 6.62% for its upside potential over the past 46 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-01-26 | 3 | 50.3 | 45 | 48.433 | 49.32 | -1.8% |
| 2023-06-06 | 3 | 50.3 | 45 | 48.433 | 46.55 | 4.05% |
| 2023-06-12 | 3 | 51.0 | 45 | 48.766 | 46.64 | 4.56% |
| 2023-09-26 | 5 | 51.0 | 45 | 49.325 | 44.75 | 10.22% |
| 2023-12-15 | 5 | 51.0 | 47 | 49.575 | 42.97 | 15.37% |
PNM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.8 | 3 | 0 | 2 | 0 | 0 | 5 |
The Trend in the Broker Recommendations
Over the past 46 months, PNM's average broker recommendation rating improved by 0.63.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- PNM RESOURCES INC's variance in analysts' estimates is lower than -41.93% of all US stocks.
- To contextualize these metrics, consider that out of Utilities stocks, PNM RESOURCES INC's number of analysts covering the stock is higher than 186.84% of them.
- In the context of Utilities stocks, PNM RESOURCES INC's upside potential (average analyst target price relative to current price) is greater than 1479.12% of them.
- To contextualize these metrics, consider that out of Utilities stocks, PNM RESOURCES INC's average analyst price target is higher than 791.91% of them.
In the Utilities industry, IDA, OGE, and POR are the three stocks most similar to PNM RESOURCES INC regarding the price target and analyst recommendation information presented here.
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