PNM stock: buy or sell?

PNM stock price: $52.03 1.17% At close on October 18th, 2019

Updated on:
October 18th, 2019

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After breaking up the simple moving average line of 50 days yesterday, PNM Resources, Inc. (Holding Co.) closed at $52.03, gained a 1.17%. October 18th was the 3rd climbing day in a row, gaining 2.70%.

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments.

Should I buy PNM stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, PNM Resources, Inc. (Holding Co.) stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PNM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is PNM Resources, Inc. (Holding Co.) stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 13 ratings published for PNM stock in the last 30 days.

The general sentiment of these ratings is bearish for PNM stock, with 4 negative ratings.
Is PNM a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6UBS Groupn/aNeutral
2019-9-30SunTrust Banksn/aHold
2019-9-30Bank of AmericaNeutralBuy
2019-7-15Mizuhon/aBuy
2019-6-19Barclaysn/aSell
2019-6-12UBS GroupSellNeutral
2019-6-10Wells Fargo & Con/aHold
2019-5-8Wells Fargo & Con/aHold
2019-5-17Barclaysn/aSell
2019-4-25Bank of AmericaUnderperformNeutral
2019-3-8MizuhoUnderperformNeutral
2019-2-28Bank of AmericaUnderperformUnderperform
2019-1-14MizuhoNeutralUnderperform

PNM stock analysis

Daily outlook

After crossing up the SMA line of 50 days yesterday, PNM Resources, Inc. (Holding Co.) closed at $52.03, gained a 1.17%.

After crossing up the simple moving average line of 50 days yesterday, PNM Resources, Inc. (Holding Co.) shares closed today at $52.03, gained a 1.17%. On October 7th, PNM hit a new all time high, pushing higher than on Sep/30 tops. Check different trading setups that use ATHs as triggers.

PNM stock chart (daily)

Weekly outlook

PNM Resources, Inc. (Holding Co.) shares stayed constant 0.39% this week, ending at $52.03.

PNM Resources, Inc. (Holding Co.) stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, PNM might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high PNM Resources, Inc. (Holding Co.) marked last week. Early November PNM price bounced up over the SMA of 20 weeks that acted as support stopping new slides.

PNM stock chart (weekly)

PNM stock price history

PNM stock historical price chart

PNM stock reached all-time highs on October/7 with a price of $52.98.

PNM stock price target is $49.40

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' PNM stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 8 price predictions for PNM stock posted in the last 30 days:
PNM stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6UBS GroupRaises Target$50.00$53.006%
2019-9-30SunTrust BanksRaises Target$49.00$50.002%
2019-9-30Bank of AmericaUpgradesn/a$56.00-
2019-7-15MizuhoRaises Target$52.50$54.002.9%
2019-6-19BarclaysReiteratesn/a$49.00-
2019-5-17BarclaysSet Price Targetn/a$47.00-
2019-3-8MizuhoUpgrades$42.50$43.502.4%
2019-2-28Bank of AmericaReiterates$40.00$43.007.5%
(in average)$46.80$49.406.0%
The price forecast for PNM Resources, Inc. (Holding Co.) stock is $49.40, moving in a range between $56.00 and $43.00. In average, analysts' outlook on PNM price target is positive, upgrading the forecast by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last May, when PNM Resources, Inc. (Holding Co.) presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will update this review.
PNM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.29n/a
2017-Q2-n/a0.47n/a
2017-Q32017-10-270.850.939.4%
2017-Q42018-02-270.190.2426.3%
2018-Q12018-04-270.210.210.0%
2018-Q22018-07-310.430.5323.3%
2018-Q32018-11-061.041.083.8%
2018-Q42019-02-270.170.185.9%
2019-Q12019-05-03n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, PNM Resources, Inc. (Holding Co.) annual revenues remained steady a neutral -0.58% to $1,436.61 M dollars from $1,445.00 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) stayed steady a 0.43% to 6.00%.

To have an updated view of the financial situation of PNM Resources, Inc. (Holding Co.), we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual PNM Resources, Inc. (Holding Co.) TTM sales up to were $1,118.74 and earnings were $71.05 M dollars. When comparing this TTM figures with the last reported annuality, we can review PNM Resources, Inc. (Holding Co.) business evolution since December 2018: Annual sales up to , compared to lastest yearly report, plunged a bloodcurdling -22.13%. On the other hand, profit margin (net income/sales) remained constant at 6.00%.

PNM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,390 M-$101 M7.3%-
2014$1,436 M3.30%$117 M8.1%15.58%
2015$1,439 M0.22%$16 M1.1%-86.16%
2016$1,363 M-5.29%$117 M8.6%625.98%
2017$1,445 M6.02%$80 M5.6%-31.50%
2018$1,437 M-0.58%$86 M6.0%7.17%
TTM $1,119 M-22.13%$71 M6.4%-17.55%

Quarterly financial results

PNM Resources, Inc. (Holding Co.) reported million in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter earnings marked million with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was -15.98%. When comparing sales to same quarter last year, PNM Resources, Inc. (Holding Co.) sales marked a dreadful correction and plummed a -100.00%. Looking back to recent quarterly results, PNM Resources, Inc. (Holding Co.) posted 2 positive quarters in a row.
PNM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$327 M-$23 M7.0%-
2017-Q2$358 M9.45%$38 M10.5%63.94%
2017-Q3$420 M17.38%$74 M17.6%96.00%
2017-Q4$333 M-20.79%$-54 M-16.3%-173.30%
2018-Q1$318 M-4.43%$15 M4.8%-127.93%
2018-Q2$352 M10.83%$38 M10.9%153.54%
2018-Q3$423 M19.97%$88 M20.7%128.62%
2018-Q4$344 M-18.67%$-55 M-16.0%-162.68%

PNM Resources, Inc. (Holding Co.) ownership

When you are planning to buy a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For PNM Resources, Inc. (Holding Co.), 0.98% of all outstanding shares are owned by its staff.

Bearish positions for PNM stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to PNM Resources, Inc. (Holding Co.):

PNMEEEIXIDANEE
Market cap$4.1 B$2.7 B$25.3 B$5.5 B$113.6 B
Total shares79.7 M40.8 M358.1 M50.4 M488.8 M
Float shares78.8 M40.4 M325.4 M50.1 M477.8 M
  - Institutional holdings (%)91.0%96.3%89.5%78.3%79.2%
  - Insider holdings (%)1.0%1.5%0.1%0.6%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PNM summary

Friday, October 18th, 2019
Open$51.32
Close$52.03
Day range$51.23 - $52.12
Previous close$51.43
Session gain1.17%
Average true range$0.85
50d mov avg$51.08
100d mov avg$50.45
200d mov avg$47.41
Daily pattern
Weekly pattern lt06a

PNM Resources, Inc. (Holding Co.) performance

To measure stock performance is always good to benchmark with competitors or related stocks. For PNM Resources, Inc. (Holding Co.), the benchmark is made against El Paso Electric, , IDACORP, NextEra Energy, NorthWestern, Pacific Gas & Electric, Pinnacle West Capital and Xcel Energy.
Stock3m6m12m
PNM5.47%17.96%32.53%
EEEl Paso Electric1.68%15.17%15.31%
EIX1.31%13.71%4.15%
IDAIDACORP7.57%14.30%14.47%
NEENextEra Energy11.47%24.24%37.39%
NWENorthWestern5.38%11.43%27.27%
PCGPacific Gas & Ele...-56.38%-63.05%-84.11%
PNWPinnacle West Cap...1.15%1.43%14.01%
XELXcel Energy6.01%18.62%34.00%

PNM Resources, Inc. (Holding Co.) competitors

We picked a few stocks to conform a list of PNM Resources, Inc. (Holding Co.) competitors to examine if you are interested in investing in PNM: