Companhia Energética de Minas Gerais (CIG) Stock Forecast, Price Target & Predictions
CIG Stock Forecast
Companhia Energética de Minas Gerais stock forecast is as follows: an average price target of $2.10 (represents a -0.94% downside from CIG’s last price of $2.12) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
CIG Price Target
The average price target for Companhia Energética de Minas Gerais (CIG) is $2.10 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $2.10 to $2.10. This represents a potential -0.94% downside from CIG's last price of $2.12.
CIG Analyst Ratings
According to 3 Wall Street analysts, Companhia Energética de Minas Gerais's rating consensus is 'Buy'. The analyst rating breakdown for CIG stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 0 'Hold' (0.00%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
Companhia Energética de Minas Gerais Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 17, 2024 | Bruno Amorim | Goldman Sachs | $2.10 | $2.00 | 5.00% | -0.94% |
The latest Companhia Energética de Minas Gerais stock forecast, released on Jul 17, 2024 by Bruno Amorim from Goldman Sachs, set a price target of $2.10, which represents a 5.00% increase from the stock price at the time of the forecast ($2.00), and a -0.94% decrease from CIG last price ($2.12).
Companhia Energética de Minas Gerais Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $2.10 | $2.10 |
| Last Closing Price | $2.12 | $2.12 | $2.12 |
| Upside/Downside | -100.00% | -0.94% | -0.94% |
In the current month, the average price target of Companhia Energética de Minas Gerais stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Companhia Energética de Minas Gerais's last price of $2.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 17, 2024 | Goldman Sachs | - | Sell | Initialise |
| Nov 01, 2023 | HSBC | - | Buy | Upgrade |
| Sep 19, 2023 | Bank of America Securities | - | Buy | Upgrade |
Companhia Energética de Minas Gerais's last stock rating was published by Goldman Sachs on Jul 17, 2024. The company Initialise its CIG rating from "null" to "Sell".
Companhia Energética de Minas Gerais Financial Forecast
Companhia Energética de Minas Gerais Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $8.65B | $9.75B | $9.22B | $8.21B | $7.85B | $9.66B | $9.52B | $7.35B | $7.11B | $7.26B | $6.42B | $5.93B | $6.06B | $6.39B | - | $7.02B | $5.91B | $6.25B | $5.61B |
| Avg Forecast | $8.36B | $10.03B | $9.10B | $8.26B | $8.53B | $10.17B | $9.11B | $8.30B | $8.15B | $8.72B | $8.67B | $8.61B | $9.82B | $9.05B | $8.51B | $1.59B | $1.38B | $1.27B | $1.21B | $1.12B | $1.14B | $1.05B | $1.05B | $1.07B | $1.39B | $1.36B | $1.50B | $1.40B | $9.65B | $10.93B |
| High Forecast | $8.36B | $10.03B | $9.10B | $8.26B | $8.53B | $10.17B | $9.11B | $8.30B | $8.15B | $8.72B | $8.67B | $8.61B | $9.82B | $9.05B | $8.51B | $1.59B | $1.38B | $1.27B | $1.21B | $1.12B | $1.14B | $1.05B | $1.05B | $1.07B | $1.39B | $1.36B | $1.50B | $1.40B | $11.58B | $13.12B |
| Low Forecast | $8.36B | $10.03B | $9.10B | $8.26B | $8.53B | $10.17B | $9.11B | $8.30B | $8.15B | $8.72B | $8.67B | $8.61B | $9.82B | $9.05B | $8.51B | $1.59B | $1.38B | $1.27B | $1.21B | $1.12B | $1.14B | $1.05B | $1.05B | $1.07B | $1.39B | $1.36B | $1.50B | $1.40B | $7.72B | $8.75B |
| # Analysts | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 6 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.02% | 0.97% | 4.95% | 7.00% | 7.51% | 6.05% | 6.34% | 6.36% | 6.14% | 5.65% | 5.67% | 4.61% | - | 4.68% | 4.23% | 0.65% | 0.51% |
Companhia Energética de Minas Gerais's average Quarter revenue forecast for Jun 23 based on 0 analysts is $8.67B, with a low forecast of $8.67B, and a high forecast of $8.67B. CIG's average Quarter revenue forecast represents a 0.24% increase compared to the company's last Quarter revenue of $8.65B (Mar 23).
Companhia Energética de Minas Gerais EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 6 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $2.08B | $1.83B | $1.85B | $-236.14M | $1.73B | $649.76M | $1.56B | $3.36B | $928.33M | $2.23B | $1.30B | $2.05B | $409.48M | $1.60B | - | $4.02B | $1.68B | $941.98M | $736.50M |
| Avg Forecast | $1.85B | $2.22B | $2.01B | $1.83B | $1.89B | $2.25B | $2.01B | $1.83B | $1.80B | $1.93B | $1.92B | $1.90B | $2.17B | $2.00B | $1.88B | $338.78M | $294.56M | $271.08M | $259.49M | $1.00B | $243.87M | $223.34M | $224.34M | $228.42M | $295.97M | $290.32M | $320.34M | $298.37M | $1.42B | $1.41B |
| High Forecast | $1.85B | $2.22B | $2.01B | $1.83B | $1.89B | $2.25B | $2.01B | $1.83B | $1.80B | $1.93B | $1.92B | $1.90B | $2.17B | $2.00B | $1.88B | $338.78M | $294.56M | $271.08M | $259.49M | $1.20B | $243.87M | $223.34M | $224.34M | $228.42M | $295.97M | $290.32M | $320.34M | $298.37M | $1.71B | $1.69B |
| Low Forecast | $1.85B | $2.22B | $2.01B | $1.83B | $1.89B | $2.25B | $2.01B | $1.83B | $1.80B | $1.93B | $1.92B | $1.90B | $2.17B | $2.00B | $1.88B | $338.78M | $294.56M | $271.08M | $259.49M | $800.76M | $243.87M | $223.34M | $224.34M | $228.42M | $295.97M | $290.32M | $320.34M | $298.37M | $1.14B | $1.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.84% | 0.92% | -0.13% | 5.09% | 2.21% | 5.74% | 12.93% | 0.93% | 9.16% | 5.83% | 9.15% | 1.79% | 5.39% | - | 12.56% | 5.62% | 0.66% | 0.52% |
0 analysts predict CIG's average Quarter EBITDA for Jun 23 to be $1.92B, with a high of $1.92B and a low of $1.92B. This is -7.87% lower than Companhia Energética de Minas Gerais's previous annual EBITDA (Mar 23) of $2.08B.
Companhia Energética de Minas Gerais Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 6 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $1.40B | $1.41B | $1.18B | $49.52M | $1.46B | $962.53M | $421.05M | $1.95B | $422.03M | $1.27B | $578.99M | $1.04B | $-56.85M | $497.53M | - | $2.11B | $797.08M | $244.32M | $-11.04M |
| Avg Forecast | - | - | $922.95M | $922.95M | $1.04B | $2.09B | $1.61B | $953.21M | $1.02B | $1.03B | $-79.04M | $1.19B | $746.28M | $816.99M | $835.26M | $802.64M | $382.34M | $414.65M | $-23.68M | $464.24M | $189.33M | $588.35M | $503.57M | $583.16M | $301.76M | $473.27M | $421.14M | $541.57M | $376.95M | $-21.52M |
| High Forecast | - | - | $922.95M | $922.95M | $1.04B | $2.09B | $1.61B | $953.21M | $1.02B | $1.03B | $-79.04M | $1.19B | $746.28M | $816.99M | $835.26M | $802.64M | $382.34M | $497.58M | $-18.94M | $557.08M | $189.33M | $588.35M | $503.57M | $583.16M | $301.76M | $473.27M | $421.14M | $541.57M | $452.34M | $-17.22M |
| Low Forecast | - | - | $922.95M | $922.95M | $1.04B | $2.09B | $1.61B | $953.21M | $1.02B | $1.03B | $-79.04M | $1.19B | $746.28M | $816.99M | $835.26M | $802.64M | $382.34M | $331.72M | $-28.41M | $371.39M | $189.33M | $588.35M | $503.57M | $583.16M | $301.76M | $473.27M | $421.14M | $541.57M | $301.56M | $-25.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.89% | 1.45% | 0.06% | 1.81% | 2.52% | 1.02% | -82.20% | 0.91% | 6.72% | 0.98% | 2.07% | -0.10% | 1.65% | - | 5.02% | 1.47% | 0.65% | 0.51% |
Companhia Energética de Minas Gerais's average Quarter net income forecast for Jun 23 is $-79.04M, with a range of $-79.04M to $-79.04M. CIG's average Quarter net income forecast represents a -105.65% decrease compared to the company's last Quarter net income of $1.40B (Mar 23).
Companhia Energética de Minas Gerais SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 6 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $222.46M | $361.09M | - | $210.41M | $204.75M | $52.42M | $248.42M | $267.10M | $-15.29M | $186.47M | - | - | - | $110.95M | - | $217.29M | $187.84M |
| Avg Forecast | $249.75M | $299.70M | $271.76M | $246.78M | $254.85M | $303.74M | $272.11M | $248.06M | $243.36M | $260.66M | $258.97M | $257.32M | $293.43M | $270.45M | $254.28M | $53.34M | $46.38M | $368.78M | $402.92M | $273.26M | $38.40M | $35.16M | $35.32M | $35.96M | $46.60M | $45.71M | $50.44M | $46.98M | $335.26M | $366.29M |
| High Forecast | $249.75M | $299.70M | $271.76M | $246.78M | $254.85M | $303.74M | $272.11M | $248.06M | $243.36M | $260.66M | $258.97M | $257.32M | $293.43M | $270.45M | $254.28M | $53.34M | $46.38M | $442.54M | $483.51M | $327.91M | $38.40M | $35.16M | $35.32M | $35.96M | $46.60M | $45.71M | $50.44M | $46.98M | $402.31M | $439.55M |
| Low Forecast | $249.75M | $299.70M | $271.76M | $246.78M | $254.85M | $303.74M | $272.11M | $248.06M | $243.36M | $260.66M | $258.97M | $257.32M | $293.43M | $270.45M | $254.28M | $53.34M | $46.38M | $295.02M | $322.34M | $218.61M | $38.40M | $35.16M | $35.32M | $35.96M | $46.60M | $45.71M | $50.44M | $46.98M | $268.20M | $293.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 1.42% | - | 4.54% | 0.56% | 0.13% | 0.91% | 6.96% | -0.43% | 5.28% | - | - | - | 2.20% | - | 0.65% | 0.51% |
Companhia Energética de Minas Gerais's average Quarter SG&A projection for Dec 22 is $293.43M, based on 0 Wall Street analysts, with a range of $293.43M to $293.43M. The forecast indicates a 31.91% rise compared to CIG last annual SG&A of $222.46M (Sep 22).
Companhia Energética de Minas Gerais EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 5 | 6 | 6 | 6 | 6 | 10 | 10 | 10 | 10 | 5 | 5 | 5 | 5 | 12 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.64 | $0.64 | $0.54 | $0.02 | $0.66 | $0.57 | $0.19 | $0.88 | $0.17 | $0.75 | $0.26 | $0.48 | $-0.03 | $0.23 | - | $0.96 | $0.36 | $0.11 | $-0.01 |
| Avg Forecast | - | - | $0.32 | $0.32 | $0.36 | $0.73 | $0.56 | $0.33 | $0.36 | $0.36 | $-0.03 | $0.42 | $0.26 | $0.29 | $0.29 | $0.36 | $0.17 | $0.37 | $0.26 | $0.33 | $0.09 | $0.27 | $0.23 | $0.27 | $0.14 | $0.22 | $0.19 | $0.25 | $0.44 | $0.46 |
| High Forecast | - | - | $0.32 | $0.32 | $0.36 | $0.73 | $0.56 | $0.33 | $0.36 | $0.36 | $-0.03 | $0.42 | $0.26 | $0.29 | $0.29 | $0.36 | $0.17 | $0.37 | $0.26 | $0.33 | $0.09 | $0.27 | $0.23 | $0.27 | $0.14 | $0.22 | $0.19 | $0.25 | $0.52 | $0.54 |
| Low Forecast | - | - | $0.32 | $0.32 | $0.36 | $0.73 | $0.56 | $0.33 | $0.36 | $0.36 | $-0.03 | $0.42 | $0.26 | $0.29 | $0.29 | $0.36 | $0.17 | $0.37 | $0.26 | $0.33 | $0.09 | $0.27 | $0.23 | $0.27 | $0.14 | $0.22 | $0.19 | $0.25 | $0.36 | $0.35 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 2.45% | 1.89% | 0.07% | 1.81% | 3.28% | 0.53% | 3.42% | 0.52% | 8.68% | 0.98% | 2.08% | -0.10% | 1.65% | - | 5.02% | 1.47% | 0.25% | -0.01% |
According to 0 Wall Street analysts, Companhia Energética de Minas Gerais's projected average Quarter EPS for Jun 23 is $-0.03, with a low estimate of $-0.03 and a high estimate of $-0.03. This represents a -104.32% decrease compared to CIG previous annual EPS of $0.64 (Mar 23).
Companhia Energética de Minas Gerais Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MNTK | Montauk Renewables | $4.67 | $6.25 | 33.83% | Hold |
| CIG | Companhia Energética de Minas Gerais | $2.12 | $2.10 | -0.94% | Buy |
| AVA | Avista | $38.81 | $37.75 | -2.73% | Buy |
| BKH | Black Hills | $61.15 | $57.00 | -6.79% | Hold |
| ALE | ALLETE | $63.69 | $58.00 | -8.93% | Buy |
| NWE | NorthWestern | $56.67 | $50.40 | -11.06% | Buy |
CIG Forecast FAQ
Is Companhia Energética de Minas Gerais a good buy?
Yes, according to 3 Wall Street analysts, Companhia Energética de Minas Gerais (CIG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of CIG's total ratings.
What is CIG's price target?
Companhia Energética de Minas Gerais (CIG) average price target is $2.1 with a range of $2.1 to $2.1, implying a -0.94% from its last price of $2.12. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Companhia Energética de Minas Gerais stock go up soon?
According to Wall Street analysts' prediction for CIG stock, the company can go down by -0.94% (from the last price of $2.12 to the average price target of $2.1), down by -0.94% based on the highest stock price target, and down by -0.94% based on the lowest stock price target.
Can Companhia Energética de Minas Gerais stock reach $3?
CIG's average twelve months analyst stock price target of $2.1 does not support the claim that Companhia Energética de Minas Gerais can reach $3 in the near future.
What are Companhia Energética de Minas Gerais's analysts' financial forecasts?
Companhia Energética de Minas Gerais's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $36.11B (high $36.11B, low $36.11B), average EBITDA is $7.98B (high $7.98B, low $7.98B), average net income is $5.7B (high $5.7B, low $5.7B), average SG&A $1.08B (high $1.08B, low $1.08B), and average EPS is $1.99 (high $1.99, low $1.99). CIG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $35.75B (high $35.75B, low $35.75B), average EBITDA is $7.9B (high $7.9B, low $7.9B), average net income is $1.85B (high $1.85B, low $1.85B), average SG&A $1.07B (high $1.07B, low $1.07B), and average EPS is $0.645 (high $0.645, low $0.645).
Did the CIG's actual financial results beat the analysts' financial forecasts?
Based on Companhia Energética de Minas Gerais's last annual report (Dec 2022), the company's revenue was $34.46B, beating the average analysts forecast of $28.97B by 18.96%. Apple's EBITDA was $7.5B, beating the average prediction of $6.39B by 17.39%. The company's net income was $4.09B, beating the average estimation of $3.2B by 27.83%. Apple's SG&A was $1.42B, beating the average forecast of $871.5M by 63.17%. Lastly, the company's EPS was $1.86, beating the average prediction of $1.2 by 54.58%. In terms of the last quarterly report (Mar 2023), Companhia Energética de Minas Gerais's revenue was $8.65B, beating the average analysts' forecast of $8.61B by 0.39%. The company's EBITDA was $2.08B, beating the average prediction of $1.9B by 9.23%. Companhia Energética de Minas Gerais's net income was $1.4B, beating the average estimation of $1.19B by 17.42%. The company's SG&A was $0, missing the average forecast of $257.32M by -100.00%. Lastly, the company's EPS was $0.64, beating the average prediction of $0.416 by 53.76%