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.
CIG was given price targets by several analysts. The most optimistic analyst gave a price target of 3.8, implying potential capital gains of 43.4 percent. The most pessimistic price target was 2.43, which equates to a potential downside of -8.3 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -8.33 percent. If we look at the last 90 days instead, we find a net average change of -7.14 percent in FY estimates.
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. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
CIG has an estimated earnings growth rate of 46.38 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CIG is 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 below the high. CIG has a P/E 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's next earnings release will be on 0000-00-00, which is days away.