$49.21
0.86%
NYSE, Mon, Nov 25 2024
ISIN
US69349H1077
Symbol
PNM
Sector
Industry

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

PNM Resources, Inc. Classifications & Recommendation:

Buy
56%
Hold
44%

PNM Resources, Inc. Price Target

Target Price $48.39
Price $49.21
Deviation
Number of Estimates 9
9 Analysts have issued a price target PNM Resources, Inc. 2025 . The average PNM Resources, Inc. target price is $48.39. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 9 analysts: 5 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 Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.94 2.14
13.80% 10.25%
EBITDA Margin 33.88% 39.62%
3.59% 16.95%
Net Margin 4.74% 11.50%
39.94% 142.39%

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
12.15% 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
$2.1b 7.96%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.9b 13.80%
2024
$2.1b 10.25%
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2025
$2.2b 4.60%
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2026
$2.4b 5.39%
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2027
$2.5b 5.03%
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2028
$2.4b 1.27%
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5 Analysts have issued an PNM Resources, Inc. EBITDA forecast 2024. The average PNM Resources, Inc. EBITDA estimate is

$847m
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. This is
4.30% 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
$781m 3.84%
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.

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

EBITDA Estimates

2023 $657m 10.71%
2024
$847m 28.94%
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2025
$923m 9.00%
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2026
$990m 7.21%
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2027
$1.1b 6.43%
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2028
$1.1b 0.73%
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EBITDA Margin

2023 33.88% 3.59%
2024
39.62% 16.95%
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2025
41.29% 4.22%
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2026
42.00% 1.72%
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2027
42.56% 1.33%
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2028
43.42% 2.02%
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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
42.67% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$246m 42.93%
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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 167.16%
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2025
$255m 3.67%
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Net Margin

2023 4.74% 39.94%
2024
11.50% 142.39%
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2025
11.39% 0.96%
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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 18.06
EV/Sales 4.71

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
$2.73 42.93%
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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 25.70 9.32%
2024
18.06 29.73%
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2025
17.42 3.54%
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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 5.28 27.85%
2024
4.71 10.83%
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2025
4.50 4.39%
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2026
4.27 5.12%
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2027
4.07 4.79%
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2028
4.12 1.28%
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P/S ratio

Current 2.33 35.82%
2024
2.08 10.83%
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2025
1.98 4.40%
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2026
1.88 5.11%
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2027
1.79 4.78%
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2028
1.82 1.28%
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