Expert Outlook: CMS Energy Through The Eyes Of 6 Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, six analysts have evaluated CMS Energy (NYSE:CMS), with opinions ranging from bullish to bearish. The average 12-month price target is $64.83, reflecting a 3.45% increase from the previous target. Analysts from Barclays, Guggenheim, Wells Fargo, Morgan Stanley, and Keybanc have adjusted their ratings and price targets, indicating varied expectations for CMS Energy's performance. The company has shown positive revenue growth and strong profitability but faces challenges in debt management.
August 13, 2024 | 2:00 pm
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CMS Energy has received mixed analyst ratings over the past three months, with a new average price target of $64.83, up 3.45% from the previous target. Analysts from Barclays, Guggenheim, Wells Fargo, Morgan Stanley, and Keybanc have adjusted their ratings and price targets, reflecting varied expectations. The company has shown positive revenue growth and strong profitability but faces challenges in debt management.
The mixed analyst ratings and increased average price target suggest a cautiously optimistic outlook for CMS Energy. Positive revenue growth and strong profitability are favorable, but the high debt-to-equity ratio poses a risk. Overall, the short-term impact on the stock price is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100