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

TXNM Energy (NYSE:TXNM) had its price objective raised by Citigroup from $45.00 to $53.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 7.75% from the stock’s current price.

A number of other brokerages have also recently commented on TXNM. Jefferies Financial Group started coverage on shares of TXNM Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $50.00 target price on the stock. Barclays lifted their price objective on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Wells Fargo & Company boosted their target price on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, Scotiabank raised their price target on TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

TXNM Energy Trading Up 1.3 %

TXNM opened at $49.19 on Thursday. 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 stock has a market cap of $4.44 billion, a PE ratio of 25.62, a P/E/G ratio of 5.96 and a beta of 0.40. The business has a 50-day moving average price of $45.81. TXNM Energy has a 12-month low of $34.63 and a 12-month high of $50.28.

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