Companhia Energetica Minas Gerais (CIG)
NYSE:CIG
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Companhia Energetica Minas Gerais (CIG) Stock Forecast & Price Target

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CIG Analyst Ratings

Currently, no data available
Based on 0 analysts giving stock ratings to
Companhia
Energetica Minas Gerais
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CIG Stock 12 Month Forecast

There Are No Analyst Ratings for CIG In The Last 3 Months.
Highest Price TargetAverage Price TargetLowest Price Target
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

CIG Financial Forecast

CIG Earnings Forecast

Next quarter’s earnings estimate for CIG is $0.13 with a range of $0.11 to $0.15. The previous quarter’s EPS was $0.10. CIG beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.39% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.
Next quarter’s earnings estimate for CIG is $0.13 with a range of $0.11 to $0.15. The previous quarter’s EPS was $0.10. CIG beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.39% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.

CIG Sales Forecast

Next quarter’s sales forecast for CIG is $1.59B with a range of $1.42B to $1.91B. The previous quarter’s sales results were $1.81B. CIG beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 41.14% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.
Next quarter’s sales forecast for CIG is $1.59B with a range of $1.42B to $1.91B. The previous quarter’s sales results were $1.81B. CIG beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 41.14% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.

Detailed List of Analyst Forecasts​

Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Goldman Sachs
$2.1
Sell
6.60%
Upside
Initiated
07/17/24
Cemig initiated with a Sell at Goldman SachsCemig initiated with a Sell at Goldman Sachs
Bank of America Securities
$2.6
Hold
31.98%
Upside
Reiterated
05/13/24

Best Analysts Covering Companhia Energetica Minas Gerais

Which Analyst Should I Follow If I Want to Buy CIG and Sell After:
1 Month
xxx
Success Rate
0/1 ratings generated profit
0%
Average Return
-4.00%
initiated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 0.00% of your transactions generating a profit, with an average return of -4.00% per trade.
3 Months
xxx
Success Rate
0/1 ratings generated profit
0%
Average Return
-3.30%
initiated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 0.00% of your transactions generating a profit, with an average return of -3.30% per trade.
1 Year
Bruno AmorimGoldman Sachs
Success Rate
0/1 ratings generated profit
0%
Average Return
-0.20%
initiated a sell rating 4 months ago
Copying Bruno Amorim's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -0.20% per trade.
2 Years
xxx
Success Rate
0/1 ratings generated profit
0%
Average Return
-0.20%
initiated a xxx
rating 4 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 0.00% of your transactions generating a profit, with an average return of -0.20% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

CIG Analyst Recommendation Trends

Rating
Aug 20
Mar 23
Nov 23
May 24
Jul 24
Strong Buy
1
1
0
0
0
Buy
1
0
1
1
1
Hold
2
3
4
3
2
Sell
0
0
0
0
1
Strong Sell
0
0
0
0
0
total
4
4
5
4
4
In the current month, CIG has received 1 Buy Ratings, 2 Hold Ratings, and 1 Sell Ratings. CIG average Analyst price target in the past 3 months is .
Each month's total comprises the sum of three months' worth of ratings.
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CIG Stock Forecast FAQ

What is CIG’s average 12-month price target, according to analysts?
Currently, no data Available
What is CIG’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for CIG, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
    How can I follow the stock ratings of top Wall Street analysts?
    Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
      Is CIG a Buy, Sell or Hold?
      Currently, no data Available
      What is Companhia Energetica Minas Gerais’s price target?
      Currently, no data Available
      What do analysts say about Companhia Energetica Minas Gerais?
      Not enough analysts have published a price target to provide an average price target.
      How can I buy shares of CIG?
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