CIG trades 12.9% below Wall Street's consensus target of $2.10.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CIG achieves its forward estimates and maintains a stable P/E multiple of 1.5x. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Companhia Energética de Minas Gerais (CIG) has a Wall Street consensus price target of $2.10, based on estimates from 5 covering analysts. With the stock currently trading at $1.86, this represents a potential upside of +12.9%. The company has a market capitalization of $5.32B.
Analyst price targets range from a low of $2.10 to a high of $2.10, representing a 0% spread in expectations. The median target of $2.10 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 3 analysts rating the stock as a Buy or Strong Buy,2 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CIG trades at a trailing P/E of 6.4x and forward P/E of 1.5x. The forward PEG ratio of 0.14 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +13.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $16.94, with bear and bull scenarios of $10.67 and $22.32 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP | $16.4B | $4.81 | $23.79 | +394.6% | Hold | 2.9x | 7 |
 UGPUltrapar Participações S.A. | $5.8B | $5.42 | $6.85 | +26.4% | Hold | 1.2x | 11 |
 EXCExelon Corporation | $46.7B | $45.62 | $46.40 | +1.7% | Hold | 15.9x | 37 |
 DUKDuke Energy Corporation | $99.6B | $127.78 | $130.30 | +2.0% | Hold | 19.0x | 32 |
 AEPAmerican Electric Power Company, Inc. | $68.8B | $126.53 | $140.89 | +11.3% | Buy | 19.5x | 37 |
 SOThe Southern Company | $104.1B | $92.34 | $93.94 | +1.7% | Hold | 20.1x | 34 |
 PPLPPL Corporation | $26.9B | $35.80 | $39.69 | +10.9% | Buy | 18.4x | 29 |
 EDConsolidated Edison, Inc. | $43.7B | $118.56 | $105.40 | -11.1% | Hold | 19.4x | 27 |
 FEFirstEnergy Corp. | $26.9B | $46.43 | $50.14 | +8.0% | Hold | 16.9x | 28 |
 GEGE Aerospace | $335.4B | $323.24 | $385.00 | +19.1% | Buy | 39.6x | 36 |
Quick answers to the most common questions about buying CIG stock.
Companhia Energética de Minas Gerais (CIG) has a consensus 12-month price target of $2.1, implying 12.9% upside from $1.86. The 5 analysts covering CIG see moderate appreciation potential.
CIG has a consensus rating of "Buy" based on 5 Wall Street analysts. The rating breakdown is predominantly bullish, with 3 Buy/Strong Buy ratings. The consensus 12-month price target of $2.1 implies 12.9% upside from current levels.
With a forward P/E of 1.527x, CIG trades at a relatively low valuation. The consensus target of $2.1 implies 12.9% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $2.1 for CIG, while the most conservative target is $2.1. The consensus of $2.1 represents the median expectation. Our quantitative valuation model projects a bull case target of $22 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CIG is moderately covered, with 5 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 2 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CIG stock forecast based on 5 Wall Street analysts shows a consensus price target of $2.1, with estimates ranging from $2.1 (bear case) to $2.1 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $17, with bear/bull scenarios of $11/$22.
Our quantitative valuation model calculates CIG's fair value at $17 (base case), with a bear case of $11 and bull case of $22. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
CIG trades at a forward P/E ratio of 1.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 6.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on CIG, with a "Buy" consensus rating and $2.1 price target (12.9% upside). 3 of 5 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CIG analyst price targets range from $2.1 to $2.1, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2.1 consensus represents the middle ground. Our model's $11-$22 range provides an independent fundamental perspective.
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