TXNM Energy (NYSE:TXNM) Now Covered by Analysts at Scotiabank

Research analysts at Scotiabank began coverage on shares of TXNM Energy (NYSE:TXNM - Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a "sector perform" rating and a $46.00 price target on the stock. Scotiabank's price target would indicate a potential upside of 5.82% from the company's previous close.

Separately, Jefferies Financial Group initiated coverage on shares of TXNM Energy in a research note on Wednesday, October 2nd. They set a "buy" rating and a $50.00 price target for the company.

TXNM Energy Stock Performance

TXNM Energy stock traded up $0.41 during mid-day trading on Thursday, hitting $43.47. The company's stock had a trading volume of 1,125,724 shares, compared to its average volume of 951,908. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 1.88. The company has a 50 day simple moving average of $41.79. TXNM Energy has a one year low of $34.63 and a one year high of $44.87. The company has a market capitalization of $3.92 billion, a PE ratio of 16.14, a PEG ratio of 6.40 and a beta of 0.36.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $488.10 million for the quarter, compared to analysts' expectations of $506.98 million. TXNM Energy had a net margin of 4.50% and a return on equity of 10.15%. On average, equities research analysts forecast that TXNM Energy will post 2.71 EPS for the current fiscal year.

About TXNM Energy

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.