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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 5 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 20.00% increase from the last price of $1.75.

High: $2.1 Avg: $2.1 Low: $2.1 Last Closed Price: $1.75

CIG Stock Rating

Companhia Energética de Minas Gerais stock's rating consensus is Buy, based on 5 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (60.00%), 2 Hold (40.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 5 0 2 3 Strong Sell Sell Hold Buy Strong Buy

CIG Price Target Upside V Benchmarks

TypeNameUpside
StockCompanhia Energética de Minas Gerais20.00%
SectorUtilities Stocks10.00%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$2.10
Last Closing Price$1.75$1.75$1.75
Upside/Downside--20.00%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25--1-23
Mar, 25--2-13
Feb, 25--2-13
Jan, 25-12-14
Dec, 24-11-13
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%20.00%
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$1.44$2.11$1.45$2.01$2.88$1.82$1.87$2.19-
Low Forecast$0.02$0.03$1.06$1.34$1.92$1.21$1.24$1.46-
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$40.75B$55.84B$38.95B$40.17B$43.07B$46.45B$49.11B$46.67B$52.27B
Low Forecast$5.79B$7.94B$30.65B$29.34B$36.28B$33.92B$35.87B$34.08B$38.18B
Surprise %8.41%5.51%2.20%7.29%-----

Net Income 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$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$4.12B$6.04B$4.14B$5.76B$8.25B$5.22B$5.35B$6.27B-
Low Forecast$49.38M$72.28M$3.04B$3.82B$5.48B$3.46B$3.55B$4.17B-
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 Buy, based on 5 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Companhia Energética de Minas Gerais is a favorable investment for most analysts.

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

Companhia Energética de Minas Gerais's price target, set by 5 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 20.00% change from the previous closing price of $1.75.

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

Companhia Energética de Minas Gerais's stock forecast shows a 20.00% upside, outperforming the average forecast for the utilities stocks sector (10.00%).

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

  • April 2025: 0% Strong Buy, 0% Buy, 33.33% Hold, 0% Sell, 66.67% Strong Sell.
  • March 2025: 0% Strong Buy, 0% Buy, 66.67% Hold, 0% Sell, 33.33% Strong Sell.
  • February 2025: 0% Strong Buy, 0% Buy, 66.67% 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 2024 is $2.36, marking a -9.92% decrease from the reported $2.62 in 2023. Estimates for the following years are $1.49 in 2025, $1.53 in 2026, $1.8 in 2027, and $0 in 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 2024 is $38.44B, reflecting a 4.32% increase from the reported $36.85B in 2023. The forecast for 2025 is $39.71B, followed by $41.99B for 2026, $39.9B for 2027, and $44.7B for 2028.

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

Companhia Energética de Minas Gerais's net income forecast for the fiscal year ending in December 2024 stands at $6.76B, representing an 17.31% increase from the reported $5.76B in 2023. Projections indicate $4.28B in 2025, $4.38B in 2026, $5.14B in 2027, and $0 in 2028.