TXNM Energy (NYSE:TXNM) Price Target Raised to $52.00 at Barclays

TXNM Energy (NYSE:TXNM) had its price objective lifted by equities researchers at Barclays from $46.00 to $52.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 5.69% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group started coverage on shares of TXNM Energy in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 price objective on the stock. Scotiabank started coverage on shares of TXNM Energy in a report on Thursday, October 10th. They set a “sector perform” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday.

TXNM Energy Stock Up 1.9 %

Shares of TXNM stock opened at $49.20 on Friday. The stock’s 50 day moving average is $44.69. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The firm has a market capitalization of $4.44 billion, a P/E ratio of 25.63, a PEG ratio of 7.12 and a beta of 0.36. TXNM Energy has a 12-month low of $34.63 and a 12-month high of $49.70.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, November 1st. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 earnings per share. As a group, research analysts expect that TXNM Energy will post 2.72 EPS for the current year.

TXNM Energy Company Profile

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.