Companhia Energetica de Minas Gerais [CIG] Stock trading around $2.32 per share: What’s Next?

Companhia Energetica de Minas Gerais [NYSE: CIG] stock went on an upward path that rose over 5.45% on Monday, amounting to a one-week price decrease of less than -4.13%.


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Over the last 12 months, CIG stock rose by 20.98%. The one-year Companhia Energetica de Minas Gerais stock forecast points to a potential upside of 23.18. The average equity rating for CIG stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $5.97 billion, with 2.20 billion shares outstanding and 1.76 billion shares in the current float. Compared to the average trading volume of 4.34M shares, CIG stock reached a trading volume of 6010816 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Companhia Energetica de Minas Gerais [CIG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIG shares is $3.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIG stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Companhia Energetica de Minas Gerais shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2019. The new note on the price target was released on April 10, 2019, representing the official price target for Companhia Energetica de Minas Gerais stock.

The Average True Range (ATR) for Companhia Energetica de Minas Gerais is set at 0.08, with the Price to Sales ratio for CIG stock in the period of the last 12 months amounting to 0.89. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for CIG in the course of the last twelve months was 16.02 with Quick ratio for the last quarter at 1.20.

CIG Stock Performance Analysis:

Companhia Energetica de Minas Gerais [CIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.13. With this latest performance, CIG shares dropped by -7.94% in over the last four-week period, additionally plugging by 6.95% over the last 6 months – not to mention a rise of 20.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIG stock in for the last two-week period is set at 48.02, with the RSI for the last a single of trading hit 47.33, and the three-weeks RSI is set at 49.52 for Companhia Energetica de Minas Gerais [CIG]. The present Moving Average for the last 50 days of trading for this stock 2.28, while it was recorded at 2.27 for the last single week of trading, and 2.13 for the last 200 days.

Insight into Companhia Energetica de Minas Gerais Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Companhia Energetica de Minas Gerais [CIG] shares currently have an operating margin of +17.42 and a Gross Margin at +19.68. Companhia Energetica de Minas Gerais’s Net Margin is presently recorded at +11.15.

Return on Equity for this stock inclined to 20.32, with Return on Assets sitting at 7.07.

Companhia Energetica de Minas Gerais’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

CIG Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Companhia Energetica de Minas Gerais go to 0.00%.

Companhia Energetica de Minas Gerais [CIG] Insider Position Details

There are presently around $544 million, or 21.50% of CIG stock, in the hands of institutional investors. The top three institutional holders of CIG stocks are: BLACKROCK INC. with ownership of 82,919,753, which is approximately 13.306% of the company’s market cap and around 1.00% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 46,489,837 shares of the stock with an approximate value of $107.86 million in CIG stocks shares; and POLUNIN CAPITAL PARTNERS LTD, currently with $33.26 million in CIG stock with ownership of nearly -7.111% of the company’s market capitalization.

Positions in Companhia Energetica de Minas Gerais stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 73 institutional holders increased their position in Companhia Energetica de Minas Gerais [NYSE:CIG] by around 27,589,487 shares. Additionally, 83 investors decreased positions by around 19,012,005 shares, while 8 investors held positions by with 187,678,296 shares. The mentioned changes placed institutional holdings at 234,279,788 shares, according to the latest SEC report filing. CIG stock had 26 new institutional investments in for a total of 4,845,701 shares, while 15 institutional investors sold positions of 1,947,077 shares during the same period.

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