Barclays Increases TXNM Energy (NYSE:TXNM) Price Target to $46.00

TXNM Energy (NYSE:TXNM) had its price target boosted by stock analysts at Barclays from $45.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 4.93% from the company’s current price.

A number of other research firms also recently weighed in on TXNM. Jefferies Financial Group started coverage on TXNM Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $50.00 price objective on the stock. Scotiabank started coverage on TXNM Energy in a report on Thursday, October 10th. They issued a “sector perform” rating and a $46.00 target price on the stock.

TXNM Energy Stock Performance

TXNM Energy stock opened at $43.84 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 1.88. The business has a 50-day simple moving average of $42.05. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 6.26 and a beta of 0.36. TXNM Energy has a 52 week low of $34.63 and a 52 week high of $44.87.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. TXNM Energy had a return on equity of 10.15% and a net margin of 4.50%. The firm had revenue of $488.10 million for the quarter, compared to analyst estimates of $506.98 million. Research analysts forecast that TXNM Energy will post 2.71 earnings per share for the current 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.