MGE Energy, Inc. (MGEE)
NASDAQ: MGEE · Real-Time Price · USD
94.46
+0.52 (0.55%)
Dec 20, 2024, 4:00 PM EST - 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 74, which predicts a decrease of -21.66% from the current stock price of 94.46.
Analyst Consensus: Sell
* Price targets were last updated on Sep 25, 2024.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '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 $71 → $74 | Sell | Maintains | $71 → $74 | -21.66% | Sep 25, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $66 → $71 | Sell | Maintains | $66 → $71 | -24.84% | Aug 23, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $68 → $65 | Sell | Maintains | $68 → $65 | -31.19% | Jun 24, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $63 → $68 | Sell | Maintains | $63 → $68 | -28.01% | May 28, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $61 → $62 | Sell | Maintains | $61 → $62 | -34.36% | Nov 21, 2023 |
Financial Forecast
Revenue This Year
688.36M
from 673.93M
Increased by 2.14%
Revenue Next Year
721.08M
from 688.36M
Increased by 4.75%
EPS This Year
3.50
from 3.25
Increased by 7.81%
EPS Next Year
3.92
from 3.50
Increased by 11.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 715.8M | 743.3M | 767.4M |
| Avg | 688.4M | 721.1M | 743.0M |
| Low | 654.6M | 691.9M | 711.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.2% | 8.0% | 6.4% |
| Avg | 2.1% | 4.8% | 3.0% |
| Low | -2.9% | 0.5% | -1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.74 | 4.15 | 4.58 |
| Avg | 3.50 | 3.92 | 4.20 |
| Low | 3.24 | 3.66 | 3.79 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.0% | 18.4% | 16.9% |
| Avg | 7.8% | 11.8% | 7.2% |
| Low | -0.2% | 4.3% | -3.2% |
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.