MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · IEX Real-Time Price · USD
74.22
+0.73 (0.99%)
Jul 2, 2024, 4:00 PM EDT - Market closed
MGE Energy Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for MGE Energy stock has a target of 65, which predicts a decrease of -12.42% from the current stock price of 74.22.
Analyst Consensus: Sell
Analyst Ratings
According to 1 stock analyst, the rating for MGE Energy is "Sell". This means that the analyst believes this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| 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 |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell Maintains $68 → $65 | Sell | Maintains | $68 → $65 | -12.42% | Jun 24, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $63 → $68 | Sell | Maintains | $63 → $68 | -8.38% | May 28, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $61 → $62 | Sell | Maintains | $61 → $62 | -16.46% | Nov 21, 2023 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $65 → $61 | Sell | Maintains | $65 → $61 | -17.81% | Oct 25, 2023 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $63 → $65 | Sell | Maintains | $63 → $65 | -12.42% | Sep 21, 2023 |
Financial Forecast
Revenue This Year
720.89M
from 690.43M
Increased by 4.41%
Revenue Next Year
744.35M
from 720.89M
Increased by 3.25%
EPS This Year
3.76
from 3.25
Increased by 15.81%
EPS Next Year
4.11
from 3.76
Increased by 9.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 742.1M | 766.2M | 790.4M |
| Avg | 720.9M | 744.4M | 767.8M |
| Low | 692.6M | 715.2M | 737.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.5% | 6.3% | 6.2% |
| Avg | 4.4% | 3.3% | 3.2% |
| Low | 0.3% | -0.8% | -0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.87 | 4.23 | 4.61 |
| Avg | 3.76 | 4.11 | 4.48 |
| Low | 3.62 | 3.95 | 4.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.2% | 12.4% | 12.1% |
| Avg | 15.8% | 9.2% | 8.9% |
| Low | 11.3% | 4.9% | 4.7% |
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.