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 price target was 3.8, implying potential capital gains of 43.4 percent. The most pessimistic price target was 2.43, implying potential capital losses of -8.3 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -8.33 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.14 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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, while 0 analysts decreased their estimates.
The growth rate of CIG's earnings is estimated by analysts to be 46.38 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. CIG has a PEG ratio of 0.35.
CIG has traded between a high of 3.84 and a low of 2.06 over the past year. The current market price is above the trailing year's low by 28.64 percent, and below the high by 30.99 percent. 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.