PNM stock: buy or sell?
October 18th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-30||Bank of America||Neutral||Buy|
|2019-6-10||Wells Fargo & Co||n/a||Hold|
|2019-5-8||Wells Fargo & Co||n/a||Hold|
|2019-4-25||Bank of America||Underperform||Neutral|
|2019-2-28||Bank of America||Underperform||Underperform|
PNM stock analysis
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 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 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 $49.40Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-6||UBS Group||Raises Target||$50.00||$53.00||6%|
|2019-9-30||SunTrust Banks||Raises Target||$49.00||$50.00||2%|
|2019-9-30||Bank of America||Upgrades||n/a||$56.00||-|
|2019-5-17||Barclays||Set Price Target||n/a||$47.00||-|
|2019-2-28||Bank of America||Reiterates||$40.00||$43.00||7.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2013||$1,390 M||-||$101 M7.3%||-|
|2014||$1,436 M||3.30%||$117 M8.1%||15.58%|
|2015||$1,439 M||0.22%||$16 M1.1%||-86.16%|
|2016||$1,363 M||-5.29%||$117 M8.6%||625.98%|
|2017||$1,445 M||6.02%||$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 resultsPNM 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.
|2017-Q1||$327 M||-||$23 M7.0%||-|
|2017-Q2||$358 M||9.45%||$38 M10.5%||63.94%|
|2017-Q3||$420 M||17.38%||$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 M||10.83%||$38 M10.9%||153.54%|
|2018-Q3||$423 M||19.97%||$88 M20.7%||128.62%|
|2018-Q4||$344 M||-18.67%||$-55 M-16.0%||-162.68%|
PNM Resources, Inc. (Holding Co.) ownershipWhen 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.):
|Market cap||$4.1 B||$2.7 B||$25.3 B||$5.5 B||$113.6 B|
|Total shares||79.7 M||40.8 M||358.1 M||50.4 M||488.8 M|
|Float shares||78.8 M||40.4 M||325.4 M||50.1 M||477.8 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$51.23 - $52.12|
|Average true range||$0.85|
|50d mov avg||$51.08|
|100d mov avg||$50.45|
|200d mov avg||$47.41|
PNM Resources, Inc. (Holding Co.) performanceTo 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.
|EEEl Paso Electric||1.68%||15.17%||15.31%|
|PCGPacific Gas & Ele...||-56.38%||-63.05%||-84.11%|
|PNWPinnacle West Cap...||1.15%||1.43%||14.01%|