News headlines about PNM Resources, Inc. (Holding Co.) (NYSE:PNM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PNM Resources, Inc. (Holding Co.) earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 45.5638494782544 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PNM Resources, Inc. (PNM) traded up $0.05 during mid-day trading on Tuesday, reaching $44.80. The company had a trading volume of 419,900 shares, compared to its average volume of 590,586. The firm has a market capitalization of $3,570.00, a P/E ratio of 21.94, a PEG ratio of 4.40 and a beta of 0.36. PNM Resources, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $45.25. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.43 and a current ratio of 0.53.
PNM Resources, Inc. (Holding Co.) (NYSE:PNM) last posted its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The business had revenue of $419.90 million during the quarter, compared to the consensus estimate of $422.71 million. PNM Resources, Inc. (Holding Co.) had a return on equity of 9.18% and a net margin of 11.27%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. analysts anticipate that PNM Resources, Inc. will post 1.86 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on PNM shares. BidaskClub raised PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised PNM Resources, Inc. (Holding Co.) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Argus reissued a “buy” rating and set a $41.40 target price (down previously from $43.00) on shares of PNM Resources, Inc. (Holding Co.) in a report on Friday, August 11th. Ladenburg Thalmann Financial Services downgraded PNM Resources, Inc. (Holding Co.) from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, August 18th. Finally, Royal Bank Of Canada downgraded PNM Resources, Inc. (Holding Co.) from an “outperform” rating to a “sector perform” rating in a report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.74.
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About PNM Resources, Inc. (Holding Co.)
PNM Resources, Inc (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR’s electric utilities are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other.
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