Cia Energetica DE Minas Gerais - Cemig (CIG)
NYSE: CIG · IEX Real-Time Price · USD
2.480
+0.040 (1.64%)
At close: Apr 19, 2024, 4:00 PM
2.490
+0.010 (0.40%)
After-hours: Apr 19, 2024, 7:13 PM EDT
CIG Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for CIG stock have an average target of 2.75, with a low estimate of 2.60 and a high estimate of 2.90. The average target predicts an increase of 10.89% from the current stock price of 2.48.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '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 $3.2 → $2.6 | Strong Buy → Hold | Downgrades | $3.2 → $2.6 | +4.84% | Nov 24, 2023 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $2.9 | Hold → Strong Buy | Upgrades | $2.9 | +16.94% | 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
35.02B
from 34.46B
Increased by 1.60%
Revenue Next Year
35.65B
from 35.02B
Increased by 1.81%
EPS This Year
2.33
from 1.86
Increased by 25.14%
EPS Next Year
2.10
from 2.33
Decreased by -9.99%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 38.0B | 38.9B | 41.0B | 41.2B |
| Avg | 35.0B | 35.6B | 38.4B | 38.5B |
| Low | 30.5B | 30.2B | 34.3B | 34.8B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 10.3% | 11.2% | 15.1% | 7.3% |
| Avg | 1.6% | 1.8% | 7.7% | 0.2% |
| Low | -11.6% | -13.7% | -3.8% | -9.3% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 2.65 | 2.50 | 2.39 | 1.95 |
| Avg | 2.33 | 2.10 | 2.02 | 1.91 |
| Low | 1.83 | 1.68 | 1.66 | 1.82 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 42.3% | 7.4% | 14.3% | -3.8% |
| Avg | 25.1% | -10.0% | -3.4% | -5.6% |
| Low | -1.5% | -28.0% | -21.0% | -10.2% |
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.