Jefferies Financial Group Initiates Coverage on TXNM Energy (NYSE:TXNM)

Investment analysts at Jefferies Financial Group initiated coverage on shares of TXNM Energy (NYSE:TXNM) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $50.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.47% from the stock’s current price.

TXNM Energy Price Performance

Shares of TXNM Energy stock opened at $43.68 on Wednesday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 6.31 and a beta of 0.36. TXNM Energy has a 1 year low of $34.63 and a 1 year high of $44.87. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $41.69.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $488.10 million during the quarter, compared to the consensus estimate of $506.98 million. TXNM Energy had a net margin of 4.50% and a return on equity of 10.06%. As a group, equities analysts anticipate that TXNM Energy will post 2.72 EPS for the current fiscal 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.