$51.79
1.79% today
NYSE, Feb 28, 08:45 pm CET
ISIN
US69349H1077
Symbol
TXNM
Sector
Industry

PNM Resources, Inc. Target price 2025 - Analyst rating & recommendation

PNM Resources, Inc. Classifications & Recommendation:

Buy
67%
Hold
33%

PNM Resources, Inc. Price Target

Target Price $54.00
Price $50.88
Potential
Number of Estimates 9
9 Analysts have issued a price target PNM Resources, Inc. 2026 . The average PNM Resources, Inc. target price is $54.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 6 Analysts recommend PNM Resources, Inc. to buy, 3 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 2026 of . Most analysts recommend the PNM Resources, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2029

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.94 2.09
13.80% 7.91%
EBITDA Margin 33.88% 39.59%
3.59% 16.86%

6 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
6.16% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$2.2b 9.80%
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, the lowest is
$1.9b 2.47%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 13.80%
2024
$2.1b 7.91%
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2025
$2.2b 4.24%
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2026
$2.3b 5.12%
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2027
$2.4b 6.60%
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2028
$2.5b 2.82%
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2029
$2.6b 3.68%
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5 Analysts have issued an PNM Resources, Inc. EBITDA forecast 2024. The average PNM Resources, Inc. EBITDA estimate is

$829m
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. This is
5.45% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$913m 4.19%
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, the lowest is
$768m 12.32%
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.

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

EBITDA Estimates

2023 $657m 10.71%
2024
$829m 26.12%
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2025
$897m 8.23%
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2026
$962m 7.33%
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2027
$1.1b 10.74%
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2028
$1.1b 4.28%
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2029
$1.2b 7.51%
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EBITDA Margin

2023 33.88% 3.59%
2024
39.59% 16.86%
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2025
41.11% 3.84%
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2026
41.97% 2.09%
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2027
43.60% 3.88%
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2028
44.23% 1.44%
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2029
45.86% 3.69%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2029

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.02 2.73
48.22% 167.65%
P/E 18.84
EV/Sales 4.91

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
2.25% 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 2.62%
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, the lowest is
$2.72 1.87%
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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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2026
$3.10 9.93%
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2027
$3.43 10.65%
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2028
$3.65 6.41%
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2029
$3.88 6.30%
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P/E ratio

Current 19.07 48.50%
2024
18.84 1.21%
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2025
18.06 4.14%
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2026
16.41 9.14%
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2027
14.83 9.63%
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2028
13.94 6.00%
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2029
13.11 5.95%
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Current PNM Resources, Inc. Upgrades & Downgrades Beta

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Analyst Rating Action Date
Scotiabank Locked ➜ Locked Locked Feb 24 2025
Evercore ISI Group Locked ➜ Locked Locked Feb 11 2025
Citigroup Locked ➜ Locked Locked Dec 12 2024
Scotiabank Locked ➜ Locked Locked Dec 12 2024
Barclays Locked ➜ Locked Locked Nov 29 2024
Wells Fargo Locked ➜ Locked Locked Nov 26 2024
Wells Fargo Locked ➜ Locked Locked Oct 16 2024
Analyst Rating Date
Locked
Scotiabank: Locked ➜ Locked
Feb 24 2025
Locked
Evercore ISI Group: Locked ➜ Locked
Feb 11 2025
Locked
Citigroup: Locked ➜ Locked
Dec 12 2024
Locked
Scotiabank: Locked ➜ Locked
Dec 12 2024
Locked
Barclays: Locked ➜ Locked
Nov 29 2024
Locked
Wells Fargo: Locked ➜ Locked
Nov 26 2024
Locked
Wells Fargo: Locked ➜ Locked
Oct 16 2024

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