Companhia Energética de Minas Gerais - CEMIG (CIG)

CIG Stock Forecast

Stock Price Forecast

There is currently no analyst price target forecast available for CIG.

Analyst Consensus: n/a

Target	Low	Average	Median	High
Price	n/a	n/a	n/a	n/a
Change	n/a	n/a	n/a	n/a

Analyst Ratings

There are currently no analyst ratings available for CIG.

Recommendation Trends

Rating	Jun '23	Jul '23	Aug '23	Sep '23	Oct '23	Nov '23
Strong Buy	0	0	0	1	1	0
Buy	0	0	0	0	0	0
Hold	1	1	1	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	1	0

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Arthur Pereira B of A Securities	B of A Securities	Strong Buy → Hold Downgrades $2.46 → $2	Strong Buy → Hold	Downgrades	$2.46 → $2	+10.50%	Nov 24, 2023
Lilyanna Yang HSBC	HSBC	Hold → Strong Buy Upgrades $2.23	Hold → Strong Buy	Upgrades	$2.23	+23.20%	Nov 1, 2023
Arthur Pereira B of A Securities	B of A Securities	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Sep 20, 2023
Carolina Yamaguchi JP Morgan	JP Morgan	Buy → Hold Downgrades n/a	Buy → Hold	Downgrades	n/a	n/a	Apr 4, 2018
Carolina Yamaguchi JP Morgan	JP Morgan	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Nov 27, 2017

More Analyst Ratings

Financial Forecast

Revenue This Year

37.07B

Increased by 0.58%

from 36.85B

Revenue Next Year

39.63B

Increased by 6.91%

from 37.07B

EPS This Year

1.99

Decreased by -1.39%

from 2.01

EPS Next Year

1.69

Decreased by -15.04%

from 1.99

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	25.49B	25.23B	33.65B	34.46B	36.85B	37.07B	39.63B	41.22B
Revenue Growth	14.46%	-1.02%	33.37%	2.43%	6.93%	0.58%	6.91%	4.02%
EPS	1.12	1.00	1.31	1.43	2.01	1.99	1.69	1.56
EPS Growth	87.85%	-10.32%	30.98%	9.09%	40.86%	-1.39%	-15.04%	-7.82%
Forward PE	-	-	-	-	-	5.64	6.64	7.20
No. Analysts	-	-	-	-	-	11	10	9

Financial currency is BRL. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027
High	44.6B	45.8B	47.1B
Avg	37.1B	39.6B	41.2B
Low	30.2B	31.6B	36.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	21.0%	23.7%	18.9%
Avg	0.6%	6.9%	4.0%
Low	-18.0%	-14.8%	-7.5%

EPS Forecast

EPS	2024	2025	2026	2027
High	2.42	2.21	1.95
Avg	1.99	1.69	1.56
Low	1.51	1.32	1.13

EPS Growth

EPS Growth	2024	2025	2026	2027
High	19.9%	11.0%	15.7%
Avg	-1.4%	-15.0%	-7.8%
Low	-25.2%	-33.4%	-33.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.