PNM Resources, Inc. (Holding Co.) (PNM) Social Stream
PNM RESOURCES INC (PNM) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering PNM.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-04-23 | 3 | $50 | $49 | $49.5 | $49.32 | 0.36% |
| 2021-12-03 | 3 | $49 | $47 | $48 | $49.32 | -2.68% |
| 2021-12-10 | 5 | $49 | $47 | $48.333 | $49.32 | -2% |
| 2022-01-25 | 5 | $50 | $45 | $48.25 | $49.32 | -2.17% |
| 2022-02-04 | 5 | $50 | $45 | $48.5 | $49.32 | -1.66% |
| 2022-04-11 | 3 | $50 | $45 | $48.333 | $49.32 | -2% |
| 2022-08-13 | 4 | $52 | $45 | $49.25 | $49.32 | -0.14% |
| 2022-09-17 | 4 | $51 | $45 | $49 | $49.32 | -0.65% |
| 2022-10-20 | 2 | $51 | $45 | $48.666 | $49.32 | -1.33% |
| 2023-01-08 | 3 | $51 | $45 | $48.666 | $49.32 | -1.33% |
| 2023-01-09 | 3 | $50.3 | $45 | $48.433 | $49.32 | -1.8% |
The Trend in the Analyst Price Target
Over the past 16 months, PNM's average price target has gone down $1.63.
PNM reports an average of 3.24% for its upside potential over the past 48 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-02-04 | 5 | 50.0 | 45 | 48.500 | 45.45 | 6.71% |
| 2022-06-22 | 4 | 52.0 | 45 | 49.250 | 45.81 | 7.51% |
| 2022-07-19 | 4 | 52.0 | 45 | 49.250 | 47.39 | 3.92% |
| 2022-10-20 | 2 | 51.0 | 45 | 47.750 | 45.80 | 4.26% |
| 2023-01-09 | 3 | 50.3 | 45 | 48.433 | 49.05 | -1.26% |
PNM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.33 | 1 | 0 | 2 | 0 | 0 | 3 |
The Trend in the Broker Recommendations
PNM's average broker recommendation rating improved by 0.67 over the prior 13 months.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- In the context of all US stocks, PNM RESOURCES INC's variance in analysts' estimates is lower than -23.73% of them.
- In the context of Utilities stocks, PNM RESOURCES INC's number of analysts covering the stock is higher than 168.6% of them.
- To contextualize these metrics, consider that out of stocks in the mid market cap category, PNM RESOURCES INC's upside potential (average analyst target price relative to current price) is higher than 209.01% of them.
- In terms of how PNM RESOURCES INC fares relative to Utilities stocks, note that its average analyst price target is greater than 595.23% of that group.
Stocks similar to PNM RESOURCES INC in the Utilities industry regarding analyst recommendations and price targets are IDA, OGE, and POR.
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