Pnm Resources Inc Gets a Hold Rating from SunTrust Robinson

By Carrie Williams

SunTrust Robinson analyst Ali Agha reiterated a Hold rating on Pnm Resources Inc (NYSE: PNM) yesterday and set a price target of $39. The company’s shares closed yesterday at $40.20.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 7.6% and a 53.8% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Great Plains Energy Inc.

Pnm Resources Inc has an analyst consensus of Moderate Sell, with a price target consensus of $38.75.

Pnm Resources Inc’s market cap is currently $3.2B and has a P/E ratio of 20.20. The company has a book value ratio of 1.8135.

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PNM Resources, Inc. operates as an investor-owned holding company which provides electricity and energy efficiency products and services in New Mexico and Texas. The company operates through its two regulated utilities: Public Service Company of New Mexico and Texas-New Mexico Power Company.