Companhia Energética de Minas Gerais - CEMIG (CIG)
NYSE: CIG · Real-Time Price · USD
2.070
+0.030 (1.47%)
Nov 20, 2024, 4:00 PM EST - Market closed
CIG Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for CIG stock has a target of 2.00, which predicts a decrease of -3.38% from the current stock price of 2.07.
Analyst Consensus: Hold
* Price targets were last updated on Nov 24, 2023.
Analyst Ratings
According to 1 stock analyst, the rating for CIG is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
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 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $2.46 → $2 | Strong Buy → Hold | Downgrades | $2.46 → $2 | -3.38% | Nov 24, 2023 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $2.23 | Hold → Strong Buy | Upgrades | $2.23 | +7.73% | Nov 1, 2023 |
| 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 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Apr 4, 2018 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Nov 27, 2017 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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 |
|---|---|---|---|
| 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 |
|---|---|---|---|
| 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 |
|---|---|---|---|
| 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.