RBC Capital Keeps a Hold Rating on Pnm Resources (PNM)

By Jason Carr

In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on Pnm Resources (PNMResearch Report), with a price target of $46.00. The company’s shares closed last Tuesday at $42.19.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 4.2% and a 63.2% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.

Pnm Resources has an analyst consensus of Moderate Buy, with a price target consensus of $48.29, a 12.2% upside from current levels. In a report issued on March 26, Barclays also maintained a Hold rating on the stock with a $40.00 price target.

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Based on Pnm Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $344 million and net profit of $31.94 million. In comparison, last year the company earned revenue of $344 million and had a GAAP net loss of $54.95 million.

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Public Service Co. of New Mexico provides electricity and electric services. It offers payment options, billing, save money and energy and business energy analyzer. The company was founded in 1917 and is headquartered in Albuquerque, NM.