TXNM Energy (NYSE:TXNM - Get Free Report) had its price objective upped by research analysts at Barclays from $46.00 to $52.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 6.01% from the company's previous close.
TXNM has been the topic of a number of other research reports. Scotiabank initiated coverage on shares of TXNM Energy in a research report on Thursday, October 10th. They issued a "sector perform" rating and a $46.00 price target on the stock. Jefferies Financial Group assumed coverage on TXNM Energy in a report on Wednesday, October 2nd. They set a "buy" rating and a $50.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday.
Get Our Latest Research Report on TXNM Energy
TXNM Energy Price Performance
NYSE:TXNM traded down $0.15 during mid-day trading on Friday, reaching $49.05. The stock had a trading volume of 472,598 shares, compared to its average volume of 931,976. The company has a market cap of $4.42 billion, a PE ratio of 25.63, a P/E/G ratio of 7.12 and a beta of 0.36. The company has a 50 day moving average of $44.69. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. TXNM Energy has a fifty-two week low of $34.63 and a fifty-two week high of $49.70.
TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, November 1st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $569.30 million during the quarter, compared to the consensus estimate of $588.88 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. Equities analysts expect that TXNM Energy will post 2.72 EPS for the current year.
About TXNM Energy
(
Get Free Report)
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.
Featured Stories
Before you consider TXNM Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TXNM Energy wasn't on the list.
While TXNM Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
