$48.46
0.45%
NYSE, Fri, Dec 27 2024
ISIN
US69349H1077
Symbol
PNM
Sector
Industry

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

PNM Resources, Inc. Classifications & Recommendation:

Buy
50%
Hold
50%

PNM Resources, Inc. Price Target

Target Price $50.85
Price $48.46
Potential
Number of Estimates 10
10 Analysts have issued a price target PNM Resources, Inc. 2025 . The average PNM Resources, Inc. target price is $50.85. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 10 analysts: 5 Analysts recommend PNM Resources, Inc. to buy, 5 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 Buy or hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.94 2.11
13.80% 8.79%
EBITDA Margin 33.88% 39.66%
3.59% 17.07%
Net Margin 4.74% 11.67%
39.94% 145.97%

7 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
10.66% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.2b 16.19%
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, the lowest is
$1.9b 0.85%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 13.80%
2024
$2.1b 8.79%
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2025
$2.2b 4.62%
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2026
$2.3b 5.37%
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2027
$2.5b 7.33%
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2028
$2.5b 0.23%
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6 Analysts have issued an PNM Resources, Inc. EBITDA forecast 2024. The average PNM Resources, Inc. EBITDA estimate is

$837m
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. This is
3.03% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$913m 12.42%
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, the lowest is
$768m 5.39%
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.

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

EBITDA Estimates

2023 $657m 10.71%
2024
$837m 27.37%
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2025
$910m 8.78%
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2026
$983m 8.03%
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2027
$1.1b 10.88%
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2028
$1.1b 1.57%
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EBITDA Margin

2023 33.88% 3.59%
2024
39.66% 17.07%
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2025
41.24% 3.98%
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2026
42.28% 2.52%
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2027
43.69% 3.33%
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2028
44.47% 1.79%
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2 PNM Resources, Inc. Analysts have issued a net profit forecast 2024. The average PNM Resources, Inc. net profit estimate is

$246m
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. This is
42.93% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$247m 43.46%
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, the lowest is
$245m 42.41%
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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
$255m 3.48%
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Net Margin

2023 4.74% 39.94%
2024
11.67% 145.97%
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2025
11.55% 1.03%
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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 17.75
EV/Sales 4.74

2 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
42.93% 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
$2.74 43.46%
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, the lowest is
$2.72 42.41%
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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
$2.83 3.66%
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P/E ratio

Current 25.31 7.52%
2024
17.75 29.87%
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2025
17.15 3.38%
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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 5.24 26.88%
2024
4.74 9.55%
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2025
4.53 4.41%
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2026
4.30 5.09%
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2027
4.01 6.83%
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2028
4.02 0.23%
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P/S ratio

Current 2.29 33.59%
2024
2.07 9.63%
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2025
1.98 4.42%
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2026
1.88 5.09%
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2027
1.75 6.83%
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2028
1.76 0.23%
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