$42.29
1.68%
NYSE, Sep 13, 03:30 pm CET
ISIN
US69349H1077
Symbol
PNM
Sector
Industry

PNM Resources, Inc. Target price 2024 - Analyst rating & recommendation

PNM Resources, Inc. Classifications & Recommendation:

Buy
43%
Hold
57%

PNM Resources, Inc. Price Target

Target Price $44.29
Price $42.29
Potential
Number of Estimates 7
7 Analysts have issued a price target PNM Resources, Inc. 2025 . The average PNM Resources, Inc. target price is $44.29. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 7 analysts: 3 Analysts recommend PNM Resources, Inc. to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the PNM Resources, Inc. stock has an average upside potential 2025 of . Most analysts recommend the PNM Resources, Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.94 2.08
13.80% 7.05%
EBITDA Margin 33.88% 38.55%
3.59% 13.79%
Net Margin 4.74% 11.86%
39.94% 149.98%

4 Analysts have issued a sales forecast PNM Resources, Inc. 2024 . The average PNM Resources, Inc. sales estimate is

$2.1b
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. This is
12.64% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.2b 20.46%
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, the lowest is
$1.9b 1.97%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 13.80%
2024
$2.1b 7.05%
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2025
$2.2b 5.86%
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2026
$2.3b 6.86%
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2027
$2.6b 12.34%
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2028
$2.7b 2.20%
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4 Analysts have issued an PNM Resources, Inc. EBITDA forecast 2024. The average PNM Resources, Inc. EBITDA estimate is

$800m
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. This is
16.83% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$881m 28.60%
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, the lowest is
$657m 4.07%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $657m 10.71%
2024
$800m 21.83%
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2025
$891m 11.30%
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2026
$970m 8.84%
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2027
$1.2b 21.09%
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2028
$1.3b 8.52%
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EBITDA Margin

2023 33.88% 3.59%
2024
38.55% 13.79%
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2025
40.53% 5.14%
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2026
41.29% 1.88%
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2027
44.50% 7.77%
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2028
47.26% 6.20%
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1 Analyst has issued a net profit forecast PNM Resources, Inc. 2024 . The average PNM Resources, Inc. net profit estimate is

$246m
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. This is
203.34% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$246m 203.34%
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, the lowest is
$246m 203.34%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $92.0m 48.22%
2024
$246m 167.65%
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2025
$254m 3.29%
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Net Margin

2023 4.74% 39.94%
2024
11.86% 149.98%
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2025
11.57% 2.45%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.02 2.73
48.22% 167.65%
P/E 15.49
EV/Sales 4.45

1 Analysts have issued a PNM Resources, Inc. forecast for earnings per share. The average PNM Resources, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.73
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. This is
203.33% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.73 203.33%
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, the lowest is
$2.73 203.33%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.02 48.22%
2024
$2.73 167.65%
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2025
$2.82 3.30%
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P/E ratio

Current 46.74 189.59%
2024
15.49 66.86%
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2025
15.00 3.16%
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Based on analysts' sales estimates for 2024, the PNM Resources, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.01 35.41%
2024
4.45 11.25%
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2025
4.20 5.53%
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2026
3.93 6.42%
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2027
3.50 10.98%
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2028
3.42 2.15%
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P/S ratio

Current 2.07 26.80%
2024
1.84 11.22%
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2025
1.74 5.53%
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2026
1.62 6.42%
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2027
1.45 10.98%
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2028
1.41 2.15%
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