Companies /Utilities

Companhia Energetica de Minas Gerais CEMIG Pref ADR

NYSE: CIG Utilities - Regulated Electric
$2.30
▲ $0.02 (+0.88%) today
Markets closed · 4:43pm ET
24/7 Rating HOLD
Our 12-month price target
$2.25
−1.4% downside by Oct 2027
Price when calculated $2.28 Oct 23, 2026
Street consensus $2.05
Ours vs. the Street +9.6% Our target vs. consensus

Set by 24/7 Wall St.’s proprietary analysis of professional targets, profit trajectory, sector, risk, and retail attention. Recalculated at least weekly and after every earnings report.

How we calculate it →
12-Month Projection Historical Optimistic Target Conservative
$2.10$2.40$2.70Oct 2025Oct 2027Oct 23$2.57$2.25$1.99
$2.10$2.40$2.70Oct 2025Oct 2027Oct 23$2.57$2.25$1.99

The 24/7 Factor

Base Growth
Conservative growth baseline (reduced to avoid double-counting P/E growth)
1.05×
Earnings Growth
Significant earnings decline
−2.0%
Volatility Adjustment
Lower volatility stock
+1.9%
Read our full methodology →
The Bottom Line

Energy Company of Minas Gerais is fairly valued at current levels. With our price target of $2.25 suggesting limited downside, the stock appears to be trading near fair value. Consider your portfolio allocation and investment timeline before making a decision.

5-Year Projection

Long-Term Forecast Optimistic Target Conservative
$2.00$2.40$2.80$3.20’26’27’28’29’30’31$3.26$2.53$2.04
$2.00$2.40$2.80$3.20’26’27’28’29’30’31$3.26$2.53$2.04

Prediction History

CIG Price Target History Our Target Stock Price
$2.00$2.50$3.00Jul 31Oct 16$2.27$2.32
$2.00$2.50$3.00Jul 31Oct 16$2.27$2.32
$2.00$2.50$3.00$3.50May 28Oct 16$2.27$2.32
$2.00$2.50$3.00$3.50May 28Oct 16$2.27$2.32
Date Price Target Stock Price Rating Upside
$2.27 $2.32 HOLD −2.3%
$2.30 $2.40 HOLD −4.2%
$2.19 $2.15 HOLD +2.1%
$2.16 $2.07 HOLD +4.4%
$3.04 $2.14 BUY +42.3%
$3.35 $2.20 BUY +52.2%
$3.36 $2.14 BUY +57.0%
$3.33 $1.99 BUY +67.2%
Date Price Target Stock Price Rating Upside
$2.27 $2.32 HOLD −2.3%
$2.16 $2.07 HOLD +4.4%
$3.33 $1.99 BUY +67.2%
$3.31 $2.17 BUY +52.7%
$3.31 $2.14 BUY +54.6%
$3.44 $2.16 BUY +59.0%

Frequently Asked Questions

What is the CIG stock price prediction for 2030?

Looking ahead to 2030, our model projects CIG could trade at an average price of $2.48, with a potential range between $1.86 and $3.10. This represents a potential 8.7% return from today’s price. Long-term forecasts depend heavily on company execution, competitive dynamics, and broader market conditions.

Is CIG a buy, sell, or hold right now?

24/7 Wall St. currently rates CIG as a HOLD. Near fair value (-1.4%)

What is the CIG stock price target in an optimistic scenario?

In our optimistic scenario for CIG, the stock could reach $2.57 over the next 12 months, representing a 12.7% gain from today’s price. This scenario assumes favorable conditions materialize, including strong earnings growth, positive market sentiment, and successful execution of company initiatives.

What is the downside risk for CIG stock?

In our conservative scenario, CIG could trade as low as $1.99 over the next 12 months, representing a 12.7% decline from current levels. This scenario accounts for potential headwinds including earnings misses, competitive pressures, or broader market weakness.

Projections are estimates based on current data, updated daily. Not investment advice. Learn how we calculate these projections →