Analysts have raised the price target for Companhia Energética de Minas Gerais (CEMIG) from $11.60 to $11.75, citing an improved revenue growth outlook despite a slightly lower profit margin forecast.
What's in the News
- Companhia Energética de Minas Gerais (CEMIG) recently held an Analyst/Investor Day, providing updates and key insights to shareholders and analysts (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from R$11.60 to R$11.75 per share.
- Revenue Growth outlook has improved significantly, with the projected decline narrowing from -12.07% to -2.48% year over year.
- Net Profit Margin forecast has fallen from 9.14% to 7.19%.
- Future P/E ratio estimate has decreased from 20.80x to 19.62x.
- Discount Rate remains unchanged at 17.80%.
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