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Companhia Energética de Minas Gerais (CIG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CIG Stock Forecast

Companhia Energética de Minas Gerais (CIG) stock forecast, based on 4 Wall Street analysts, predicts a 12-month average price target of $2.10, with a high of $2.10 and a low of $2.10. This represents a 11.11% increase from the last price of $1.89.

High: $2.1 Avg: $2.1 Low: $2.1 Last Closed Price: $1.89

CIG Stock Rating

Companhia Energética de Minas Gerais stock's rating consensus is Hold, based on 4 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 1 Buy (25.00%), 2 Hold (50.00%), 1 Sell (25.00%), and 0 Strong Sell (0.00%).

Hold
Total 4 0 1 2 1 Strong Sell Sell Hold Buy Strong Buy

CIG Price Target Upside V Benchmarks

TypeNameUpside
StockCompanhia Energética de Minas Gerais11.11%
SectorUtilities Stocks9.75%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$2.10
Last Closing Price$1.89$1.89$1.89
Upside/Downside--11.11%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 25--2-13
Jan, 25-12-14
Dec, 24-11-13
Nov, 24111-14
Oct, 24111115
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 17, 2024Bruno AmorimGoldman Sachs$2.10$2.005.00%11.11%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 10, 2025HSBCBuyHolddowngrade
Oct 31, 2024ScotiabankSector Performinitialise
Jul 17, 2024Goldman SachsSellinitialise
Nov 01, 2023HSBCBuyupgrade
Sep 19, 2023Bank of America SecuritiesBuyupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$1.30$1.70$1.86$2.62-----
Avg Forecast$0.73$1.07$1.21$1.65$2.36$1.49$1.53$1.80-
High Forecast$0.02$0.03$1.06$1.34$1.92$1.21$1.24$1.46-
Low Forecast$1.44$2.11$1.45$2.01$2.88$1.82$1.87$2.19-
Surprise %78.08%58.88%53.72%58.79%-----

Revenue Forecast

$5B $16B $27B $38B $49B $60B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$25.23B$33.65B$34.46B$36.85B-----
Avg Forecast$23.27B$31.89B$33.72B$34.34B$38.44B$39.71B$41.99B$39.90B$44.70B
High Forecast$5.79B$7.94B$30.65B$29.34B$36.28B$33.92B$35.87B$34.08B$38.18B
Low Forecast$40.75B$55.84B$38.95B$40.17B$43.07B$46.45B$49.11B$46.67B$52.27B
Surprise %8.41%5.51%2.20%7.29%-----

Net Income Forecast

$0 $2B $3B $5B $7B $9B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.86B$3.75B$4.09B$5.76B-----
Avg Forecast$2.09B$3.05B$3.45B$4.72B$6.76B$4.28B$4.38B$5.14B-
High Forecast$49.38M$72.28M$3.04B$3.82B$5.48B$3.46B$3.55B$4.17B-
Low Forecast$4.12B$6.04B$4.14B$5.76B$8.25B$5.22B$5.35B$6.27B-
Surprise %37.27%22.82%18.64%22.20%-----

CIG Forecast FAQ

Is Companhia Energética de Minas Gerais stock a buy?

Companhia Energética de Minas Gerais stock has a consensus rating of Hold, based on 4 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 1 Buy, 2 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Companhia Energética de Minas Gerais is a neutral investment for most analysts.

What is Companhia Energética de Minas Gerais's price target?

Companhia Energética de Minas Gerais's price target, set by 4 Wall Street analysts, averages $2.1 over the next 12 months. The price target range spans from $2.1 at the low end to $2.1 at the high end, suggesting a potential 11.11% change from the previous closing price of $1.89.

How does Companhia Energética de Minas Gerais stock forecast compare to its benchmarks?

Companhia Energética de Minas Gerais's stock forecast shows a 11.11% upside, outperforming the average forecast for the utilities stocks sector (9.75%).

What is the breakdown of analyst ratings for Companhia Energética de Minas Gerais over the past three months?

  • February 2025: 0% Strong Buy, 0% Buy, 66.67% Hold, 0% Sell, 33.33% Strong Sell.
  • January 2025: 0% Strong Buy, 25.00% Buy, 50.00% Hold, 0% Sell, 25.00% Strong Sell.
  • December 2024: 0% Strong Buy, 33.33% Buy, 33.33% Hold, 0% Sell, 33.33% Strong Sell.

What is Companhia Energética de Minas Gerais’s EPS forecast?

Companhia Energética de Minas Gerais's average annual EPS forecast for its fiscal year ending in December is $2.36 for 2024, a -9.92% decrease from the reported $2.62 in 2023. The prediction for 2025 is $1.49, $1.53 for 2026, $1.8 for 2027, and $0 for 2028.

What is Companhia Energética de Minas Gerais’s revenue forecast?

Companhia Energética de Minas Gerais's average annual revenue forecast for its fiscal year ending in December is $38.44B for 2024, a 4.32% increase from the reported $36.85B in 2023. The forecast for 2025 is $39.71B, $41.99B for 2026, $39.9B for 2027, and $44.7B for 2028.

What is Companhia Energética de Minas Gerais’s net income forecast?

For its fiscal year ending in December, Companhia Energética de Minas Gerais's average annual net income forecast is $6.76B for 2024, reflecting an 17.31% increase from the reported $5.76B in 2023. The projection for 2025 is $4.28B, $4.38B for 2026, $5.14B for 2027, and $0 for 2028.