Companhia Energética de Minas Gerais - CEMIG (CIG)
NYSE: CIG · Real-Time Price · USD
1.890
+0.050 (2.72%)
Dec 20, 2024, 4:00 PM EST - Market closed

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 '23Jul '23Aug '23Sep '23Oct '23Nov '23
Strong Buy 000110
Buy 000000
Hold 111000
Sell 000000
Strong Sell 000000
Total 111110

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
B of A Securities
B of A Securities
Hold
Downgrades
$2.46$2
Hold Downgrades $2.46$2 +5.82% Nov 24, 2023
HSBC
HSBC
Strong Buy
Upgrades
$2.23
Strong Buy Upgrades $2.23 +17.99% Nov 1, 2023
B of A Securities
B of A Securities
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Sep 20, 2023
JP Morgan
JP Morgan
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Apr 4, 2018
JP Morgan
JP Morgan
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Nov 27, 2017
More Analyst Ratings

Financial Forecast

Revenue This Year
37.07B
from 36.85B
Increased by 0.58%
Revenue Next Year
39.63B
from 37.07B
Increased by 6.91%
EPS This Year
1.99
from 2.01
Decreased by -1.39%
EPS Next Year
1.69
from 1.99
Decreased by -15.04%
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
25.49B25.23B33.65B34.46B36.85B37.07B39.63B41.22B
Revenue Growth
14.46%-1.02%33.37%2.43%6.93%0.58%6.91%4.02%
EPS
1.121.001.311.432.011.991.691.56
EPS Growth
87.85%-10.32%30.98%9.09%40.86%-1.39%-15.04%-7.82%
Forward PE
-----5.796.817.39
No. Analysts -----11109
Financial currency is BRL. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
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 2024202520262027
High
21.0%
23.7%
18.9%
Avg
0.6%
6.9%
4.0%
Low
-18.0%
-14.8%
-7.5%

EPS Forecast

EPS 2024202520262027
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 2024202520262027
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.