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Is this Large Market Cap Stock target price reasonable for PNM Resources, Inc. (NYSE:PNM)?

The company in question is, PNM Resources, Inc. (NYSE:PNM) currently with a stock price of 31.98 (-0.03% today). The market cap for PNM Resources, Inc. is 2570.08, and is in the sector Utilities, and Diversified Utilities industry. The target price for PNM Resources, Inc. is 36.25. Currently PNM Resources, Inc. is trading with a P/E of 351.54, and a forward P/E of 17.49. Average volume for PNM Resources, Inc. is 508.48 and so far today it is 119209.

Performance in the last year for PNM Resources, Inc. has been 16.88%. For EPS growth, PNM Resources, Inc. has seen a growth of -86.50%, and is looking to grow in the next year to 15.69%. More long term stats show that EPS growth has been 19.10% over the last five years and could be 5.90% for the next five years. PNM Resources, Inc. has seen sales growth quarter over quarter at -10.60%, with EPS growth quarter over quarter at -14.50%. The 20-day simple moving average is -1.95%, with the 200-day simple moving average coming to -1.47%.

Since the IPO date for PNM Resources, Inc. on the 08/10/1984, PNM Resources, Inc. has seen performance year to date to be 6.83%. With PNM Resources, Inc. trading at 31.98, the dividend yield is 2.75%, and the EPS is 0.09.

So could PNM Resources, Inc., be undervalued? Well as said before P/E is 351.54. The PEG is 59.58, P/S is 1.86 and the P/B is at 1.53. The P/cash is 524.51, with P/free cash flow at *TBA.

PNM Resources, Inc. ability to deal with debt shows that the current ratio is 0.6, and the quick ratio is 0.5. This is with long term debt/equity at 1.33, and total debt/equity at 1.63.

In terms of margins, PNM Resources, Inc. has a gross margin of *TBA, an operating margin of 7.90% and a profit margin of 0.50%.Payout ratio for PNM Resources, Inc. is 944.40%. Return on assets come to 0.10% with return on investment coming to 2.70%.

Insider ownership for PNM Resources, Inc., is at 0.50% and institutional ownership comes to 95.30%. Outstanding shares are at 80.34. While shares float is 79. The float short is currently 3.68%, and short ratio is 5.71.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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