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 11.11% upside from CIG’s last price of $1.89) and a rating consensus of 'Buy', based on 4 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 4 Wall Street analysts in the past 3 months, with a price target range of $2.10 to $2.10. This represents a potential 11.11% upside from CIG's last price of $1.89.
CIG Analyst Ratings
According to 4 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' (50.00%), 1 'Hold' (25.00%), 1 'Sell' (25.00%), 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% | 11.11% |
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 11.11% increase from CIG last price ($1.89).
Companhia Energética de Minas Gerais Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $2.10 |
| Last Closing Price | $1.89 | $1.89 | $1.89 |
| Upside/Downside | -100.00% | -100.00% | 11.11% |
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 $1.89. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Scotiabank | Sector Perform | Initialise | |
| 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 Scotiabank on Oct 31, 2024. The company Initialise its CIG rating from "null" to "Sector Perform".
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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $4.94B | $4.81B |
| Avg Forecast | $8.24B | $9.89B | $8.24B | $8.01B | $7.99B | $8.74B | $9.11B | $8.30B | $8.15B | $8.72B | $8.67B | $8.61B | $9.82B | $9.05B | $8.51B | $7.47B | $7.73B | $6.88B | $6.11B | $6.39B | $5.94B | $5.89B | $5.63B | $5.43B | $5.62B | $5.66B | $5.75B | $5.46B | $4.07B | $4.81B |
| High Forecast | $9.03B | $10.83B | $9.03B | $9.49B | $8.76B | $9.57B | $9.11B | $8.30B | $8.15B | $9.56B | $9.50B | $9.44B | $10.76B | $9.05B | $8.51B | $7.47B | $7.73B | $6.88B | $6.11B | $6.39B | $5.94B | $5.89B | $5.63B | $5.43B | $5.62B | $5.66B | $5.75B | $5.46B | $4.89B | $5.78B |
| Low Forecast | $7.58B | $9.09B | $7.58B | $6.76B | $7.35B | $8.04B | $9.11B | $8.30B | $8.15B | $8.02B | $7.97B | $7.92B | $9.03B | $9.05B | $8.51B | $7.47B | $7.73B | $6.88B | $6.11B | $6.39B | $5.94B | $5.89B | $5.63B | $5.43B | $5.62B | $5.66B | $5.75B | $5.46B | $3.26B | $3.85B |
| # Analysts | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 17 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.02% | 0.97% | 1.05% | 1.25% | 1.38% | 1.20% | 1.11% | 1.22% | 1.09% | 1.05% | 1.12% | 1.14% | - | 1.22% | 1.08% | 1.21% | 1.00% |
Companhia Energética de Minas Gerais's average Quarter revenue forecast for Jun 23 based on 1 analysts is $8.67B, with a low forecast of $7.97B, and a high forecast of $9.50B. 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 17 |
| 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 | $1.16B | $1.28B |
| Avg Forecast | $1.80B | $2.16B | $1.80B | $1.75B | $1.75B | $1.91B | $1.99B | $1.82B | $1.78B | $1.91B | $1.90B | $1.89B | $2.15B | $2.00B | $1.88B | $1.65B | $1.71B | $1.52B | $1.35B | $1.00B | $1.31B | $1.30B | $1.24B | $1.20B | $1.24B | $1.25B | $1.27B | $1.21B | $629.97M | $1.28B |
| High Forecast | $1.98B | $2.37B | $1.98B | $2.08B | $1.92B | $2.10B | $1.99B | $1.82B | $1.78B | $2.09B | $2.08B | $2.07B | $2.36B | $2.00B | $1.88B | $1.65B | $1.71B | $1.52B | $1.35B | $1.20B | $1.31B | $1.30B | $1.24B | $1.20B | $1.24B | $1.25B | $1.27B | $1.21B | $755.97M | $1.54B |
| Low Forecast | $1.66B | $1.99B | $1.66B | $1.48B | $1.61B | $1.76B | $1.99B | $1.82B | $1.78B | $1.76B | $1.74B | $1.73B | $1.98B | $2.00B | $1.88B | $1.65B | $1.71B | $1.52B | $1.35B | $800.76M | $1.31B | $1.30B | $1.24B | $1.20B | $1.24B | $1.25B | $1.27B | $1.21B | $503.98M | $1.02B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.85% | 0.92% | -0.13% | 1.05% | 0.38% | 1.02% | 2.49% | 0.93% | 1.70% | 1.00% | 1.65% | 0.34% | 1.29% | - | 3.16% | 1.39% | 1.85% | 1.00% |
1 analysts predict CIG's average Quarter EBITDA for Jun 23 to be $1.90B, with a high of $2.08B and a low of $1.74B. This is -8.74% 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 17 |
| 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 | $464.45M | $342.60M |
| Avg Forecast | - | - | $922.95M | $839.88M | $1.09B | $2.05B | $1.61B | $953.21M | $1.02B | $1.03B | $-79.04M | $1.19B | $746.28M | $816.99M | $835.21M | $802.60M | $382.34M | $803.46M | $568.90M | $464.24M | $189.31M | $588.32M | $503.54M | $583.12M | $301.73M | $473.24M | $421.13M | $541.53M | $255.45M | $342.60M |
| High Forecast | - | - | $1.04B | $944.31M | $1.23B | $2.30B | $1.61B | $953.75M | $1.15B | $1.16B | $-70.78M | $1.34B | $839.08M | $816.99M | $835.21M | $802.60M | $382.34M | $803.46M | $568.90M | $557.08M | $189.31M | $588.32M | $503.54M | $583.12M | $301.73M | $473.24M | $421.13M | $541.53M | $306.54M | $411.12M |
| Low Forecast | - | - | $826.43M | $752.06M | $979.27M | $1.83B | $1.60B | $952.70M | $912.93M | $923.78M | $-88.87M | $1.07B | $668.25M | $816.99M | $835.21M | $802.60M | $382.34M | $803.46M | $568.90M | $371.39M | $189.31M | $588.32M | $503.54M | $583.12M | $301.73M | $473.24M | $421.13M | $541.53M | $204.36M | $274.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.89% | 1.45% | 0.06% | 1.81% | 2.52% | 0.52% | 3.42% | 0.91% | 6.72% | 0.98% | 2.07% | -0.10% | 1.65% | - | 5.02% | 1.47% | 1.82% | 1.00% |
Companhia Energética de Minas Gerais's average Quarter net income forecast for Jun 23 is $-79.04M, with a range of $-88.87M to $-70.78M. 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 17 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $222.46M | $361.09M | - | $210.41M | $204.75M | $52.42M | $248.42M | $267.10M | $-15.29M | $186.47M | - | - | - | $110.95M | - | $292.83M | $303.26M |
| Avg Forecast | $248.19M | $297.83M | $248.19M | $241.22M | $240.80M | $263.24M | $274.36M | $250.11M | $245.37M | $262.81M | $261.10M | $259.45M | $295.86M | $270.45M | $254.28M | $223.11M | $231.04M | $205.64M | $182.46M | $273.26M | $177.33M | $175.90M | $168.20M | $162.24M | $167.93M | $168.96M | $171.86M | $163.03M | $161.06M | $303.26M |
| High Forecast | $271.93M | $326.32M | $271.93M | $285.81M | $263.84M | $288.42M | $274.36M | $250.11M | $245.37M | $287.95M | $286.08M | $284.26M | $324.16M | $270.45M | $254.28M | $223.11M | $231.04M | $205.64M | $182.46M | $327.91M | $177.33M | $175.90M | $168.20M | $162.24M | $167.93M | $168.96M | $171.86M | $163.03M | $193.27M | $363.91M |
| Low Forecast | $228.23M | $273.87M | $228.23M | $203.71M | $221.43M | $242.06M | $274.36M | $250.11M | $245.37M | $241.67M | $240.10M | $238.58M | $272.06M | $270.45M | $254.28M | $223.11M | $231.04M | $205.64M | $182.46M | $218.61M | $177.33M | $175.90M | $168.20M | $162.24M | $167.93M | $168.96M | $171.86M | $163.03M | $128.85M | $242.61M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 1.42% | - | 0.91% | 1.00% | 0.29% | 0.91% | 1.51% | -0.09% | 1.11% | - | - | - | 0.65% | - | 1.82% | 1.00% |
Companhia Energética de Minas Gerais's average Quarter SG&A projection for Dec 22 is $295.86M, based on 1 Wall Street analysts, with a range of $272.06M to $324.16M. The forecast indicates a 32.99% 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 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | 9 | 20 | 17 |
| 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 | $0.21 | $0.18 |
| Avg Forecast | - | - | $0.32 | $0.29 | $0.38 | $0.72 | $0.56 | $0.33 | $0.36 | $0.36 | $-0.03 | $0.42 | $0.26 | $0.29 | $0.29 | $0.28 | $0.13 | $0.28 | $0.20 | $0.25 | $0.07 | $0.21 | $0.18 | $0.20 | $0.11 | $0.17 | $0.15 | $0.19 | $0.07 | $0.22 |
| High Forecast | - | - | $0.36 | $0.33 | $0.43 | $0.81 | $0.56 | $0.33 | $0.40 | $0.41 | $-0.02 | $0.47 | $0.29 | $0.29 | $0.29 | $0.28 | $0.13 | $0.28 | $0.20 | $0.25 | $0.07 | $0.21 | $0.18 | $0.20 | $0.11 | $0.17 | $0.15 | $0.19 | $0.10 | $0.25 |
| Low Forecast | - | - | $0.29 | $0.26 | $0.34 | $0.64 | $0.56 | $0.33 | $0.32 | $0.32 | $-0.03 | $0.37 | $0.23 | $0.29 | $0.29 | $0.28 | $0.13 | $0.28 | $0.20 | $0.25 | $0.07 | $0.21 | $0.18 | $0.20 | $0.11 | $0.17 | $0.15 | $0.19 | $0.07 | $0.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 2.45% | 1.89% | 0.07% | 2.35% | 4.26% | 0.68% | 4.45% | 0.68% | 11.29% | 1.27% | 2.71% | -0.13% | 2.14% | - | 6.53% | 1.91% | 3.19% | 0.80% |
According to 1 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 $-0.02. 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 | $3.95 | $6.25 | 58.23% | Hold |
| NWE | NorthWestern | $52.25 | $60.50 | 15.79% | Buy |
| CIG | Companhia Energética de Minas Gerais | $1.90 | $2.10 | 10.53% | Buy |
| AVA | Avista | $36.74 | $40.00 | 8.87% | Hold |
| OTTR | Otter Tail | $76.36 | $81.00 | 6.08% | Hold |
| BKH | Black Hills | $60.06 | $57.00 | -5.09% | Hold |
| UTL | Unitil | $55.94 | $53.00 | -5.26% | Buy |
| ALE | ALLETE | $64.68 | $58.00 | -10.33% | Buy |