Cia Energetica DE Minas Gerais - Cemig (CIG)
NYSE: CIG · IEX Real-Time Price · USD
1.760
-0.010 (-0.56%)
Jul 2, 2024, 4:00 PM EDT - Market closed
CIG Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for CIG stock have an average target of 2.12, with a low estimate of 2.00 and a high estimate of 2.23. The average target predicts an increase of 20.45% from the current stock price of 1.76.
Analyst Consensus: Buy
* Price targets were last updated on Nov 24, 2023.
Analyst Ratings
The average analyst rating for CIG stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
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 | +13.64% | Nov 24, 2023 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $2.23 | Hold → Strong Buy | Upgrades | $2.23 | +26.70% | 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
35.83B
from 36.85B
Decreased by -2.76%
Revenue Next Year
38.87B
from 35.83B
Increased by 8.48%
EPS This Year
1.76
from 2.02
Decreased by -12.85%
EPS Next Year
1.73
from 1.76
Decreased by -1.43%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 39.5B | 41.5B | 41.5B |
| Avg | 35.8B | 38.9B | 39.1B |
| Low | 30.2B | 34.3B | 34.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.3% | 15.9% | 6.8% |
| Avg | -2.8% | 8.5% | 0.6% |
| Low | -18.0% | -4.3% | -10.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.19 | 2.19 | 2.13 |
| Avg | 1.76 | 1.73 | 1.73 |
| Low | 1.40 | 1.33 | 1.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.9% | 25.0% | 23.1% |
| Avg | -12.8% | -1.4% | 0.0% |
| Low | -30.4% | -24.0% | -15.8% |
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.