Companhia Energética de Minas Gerais - CEMIG (CIG)

CIG Stock Forecast

Stock Price Forecast

There have not been any analyst price target forecasts for CIG in the last 12 months.

Price Target: n/a

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	-26.74%	Nov 24, 2023
Lilyanna Yang HSBC	HSBC	Hold → Strong Buy Upgrades $2.23	Hold → Strong Buy	Upgrades	$2.23	-18.32%	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

39.20B

Decreased by -8.31%

from 42.75B

Revenue Next Year

41.03B

Increased by 4.66%

from 39.20B

EPS This Year

1.19

Decreased by -30.34%

from 1.71

EPS Next Year

1.21

Increased by 1.13%

from 1.19

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	33.65B	34.46B	36.85B	39.82B	42.75B	39.20B	41.03B
Revenue Growth	33.37%	2.43%	6.93%	8.06%	7.36%	-8.31%	4.66%
EPS	1.31	1.43	2.01	2.49	1.71	1.19	1.21
EPS Growth	30.98%	9.09%	40.86%	23.47%	-31.19%	-30.34%	1.13%
Forward PE	-	-	-	-	-	11.48	11.35
No. Analysts	-	-	-	-	-	12	11

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

Revenue Forecast

Revenue	2026	2027	2028
High	46.9B	47.6B
Avg	39.2B	41.0B
Low	31.1B	28.7B

Revenue Growth

Revenue Growth	2026	2027	2028
High	9.8%	21.4%
Avg	-8.3%	4.7%
Low	-27.2%	-26.8%

EPS Forecast

EPS	2026	2027	2028
High	1.50	1.48
Avg	1.19	1.21
Low	0.85	0.80

EPS Growth

EPS Growth	2026	2027	2028
High	-12.7%	24.1%
Avg	-30.3%	1.1%
Low	-50.2%	-32.6%

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.