Citigroup Increases TXNM Energy (NYSE:TXNM) Price Target to $53.00

TXNM Energy (NYSE:TXNM) had its price target raised by Citigroup from $45.00 to $53.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 7.75% from the company’s previous close.

Several other equities research analysts have also issued reports on TXNM. 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. Wells Fargo & Company upped their price target on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Barclays increased their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Finally, Scotiabank upped their price target on shares of TXNM Energy from $46.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

TXNM Energy Stock Up 1.3 %

TXNM stock opened at $49.19 on Thursday. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 5.96 and a beta of 0.40. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a twelve month low of $34.63 and a twelve month high of $50.28. The firm has a 50 day moving average of $45.81.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm had revenue of $569.30 million during the quarter, compared to analyst estimates of $588.88 million. During the same quarter last year, the business posted $1.54 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that TXNM Energy will post 2.72 earnings per share 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.