A statement released earlier today by Williams Capital about PNM Resources (NYSE:PNM) bumps the target price to $35.00
- Updated: October 3, 2016
Williams Capital bumped up the target of PNM Resources (NYSE:PNM) to $35.00 stating a potential upside of 0.08%.
Boasting a price of $32.28, PNM Resources (NYSE:PNM) traded -1.34% lower on the day. With the last stock price close down -2.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PNM has recorded a 50-day average of $32.74 and a two hundred day average of $33.17. Trade Volume was up over the average, with 653,433 shares of PNM changing hands over the typical 532,530
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PNM Resources has a 52 week low of $26.56 and a 52 week high of $36.15 with a PE ratio of 354.73 PNM Resources’s market capitalization is currently $0.
In addition to Williams Capital reporting its stock price target, a total of 6 brokerages have issued a research note on the company. The average stock price target is $34.83 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About PNM Resources (NYSE:PNM)
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 and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website www.pnmresources.com, provides information, including news releases, notices of Webcasts, and filings with the Securities and Exchange Commission (SEC). PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act.
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