Analyst Ratings for Companhia Energetica de Minas Gerais-Cemig ADR (CIG)

Updated: 2017-07-29

Companhia Energetica de Minas Gerais-Cemig ADR (NYSE:CIG) was awarded an average rating of Overweight from investment analysts following the stock. Last month, CIG received an average rating of Overweight.

4 analysts declared CIG a buy, 0 gave an overweight rating, 7 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for CIG. The most optimistic analyst gave a price target of 3.8, implying a possible profit of 43.4 percent. The minimum price target given was 2.43, which equates to a potential downside of -8.3 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -8.33 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.14 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CIG to grow at a rate of 46.38 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. CIG has a PEG ratio of 0.35.

CIG has a 52-week high of 3.84 and a 52-week low of 2.06. Currently the stock is 28.64 percent higher than its low, and 30.99 percent lower than its 52-week high. CIG has a price/earnings ratio of 16.16. Investors typically compare the P/E ratio to a company's peers in the industry. The CIG value stock report compares CIG to some of its peers using value stock charts. The market cap of CIG is $3.4 billion. CIG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.