Companhia Energetica de Minas Gerais (NYSE: CIG) is 26.79% higher on its value in year-to-date trading and has touched a low of $1.64 and a high of $2.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIG stock was last observed hovering at around $2.28 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $2.14 for the next 12 months. It is also -10.75% off the consensus price target high of $2.14 offered by 9 analysts, but current levels are -10.75% lower than the price target low of $2.14 for the same period.
Currently trading at $2.37, the stock is 0.25% and 3.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.88 million and changing 3.95% at the moment leaves the stock 11.17% off its SMA200. CIG registered 20.28% gain for a year compared to 6-month gain of 2.70%.
The stock witnessed a -8.14% loss in the last 1 month and extending the period to 3 months gives it a 13.94%, and is 6.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.22% over the week and 3.16% over the month.
Companhia Energetica de Minas Gerais (CIG) has around 5025 employees, a market worth around $6.10B and $6.72B in sales. Current P/E ratio is 9.08 and Fwd P/E is 12.47. Profit margin for the company is 8.20%. Distance from 52-week low is 44.89% and -9.54% from its 52-week high. The company has generated returns on investments over the last 12 months (18.60%).
Companhia Energetica de Minas Gerais (CIG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Companhia Energetica de Minas Gerais (CIG) is a “Hold”. 9 analysts offering their recommendations for the stock have an average rating of 3.00, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Companhia Energetica de Minas Gerais is expected to release its quarterly report on 11/14/2022.The EPS is expected to grow by 0.80% this year
Companhia Energetica de Minas Gerais (CIG) Top Institutional Holders
The shares outstanding are 2.20B, and float is at 1.76B with Short Float at 0.78%.
Companhia Energetica de Minas Gerais (CIG): Who are the competitors?
The company’s main competitors (and peers) include FirstEnergy Corp. (FE) that is trading 9.85% up over the past 12 months and Companhia Paranaense de Energia – COPEL (ELP) that is 2.90% higher over the same period.