CMS Energy (CMS) Stock Forecast & Price Target

$69.52 +0.31 (+0.45%)

(As of 11/22/2024 ET)

CMS Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
6

Buy
10

Based on 16 Wall Street analysts who have issued ratings for CMS Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 6 have given a hold rating, and 10 have given a buy rating for CMS.

Consensus Price Target

$70.21
1.00% Upside

According to the 16 analysts' twelve-month price targets for CMS Energy, the average price target is $70.21. The highest price target for CMS is $77.00, while the lowest price target for CMS is $62.00. The average price target represents a forecasted upside of 1.00% from the current price of $69.52.

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CMS Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$70.21	$69.85	$66.82	$61.50
Forecasted Upside	1.00% Upside	-1.30% Downside	-1.32% Downside	6.79% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CMS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CMS Energy Stock vs. The Competition

Type	CMS Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.63	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.00% Upside	21.43% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent CMS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$69.00 ➝ $67.00	-3.56%
11/5/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Buy	$76.00	+11.13%
11/1/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$77.00 ➝ $76.00	+9.83%
10/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$70.00 ➝ $77.00	+8.56%
10/15/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$65.00 ➝ $68.00	-3.52%
10/15/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Crowdell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$76.00 ➝ $72.00	+3.00%
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9/30/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$73.00 ➝ $76.00	+7.91%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$69.00 ➝ $73.00	+8.53%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$66.00 ➝ $75.00	+12.75%
7/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Chopra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/26/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$66.00 ➝ $67.00	+6.03%
4/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$65.00	+9.57%
3/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$65.00 ➝ $66.00	+13.68%
3/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$65.00 ➝ $63.00	+7.58%
1/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$62.00	+6.71%
1/8/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Storozynski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
6/26/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $62.00	+5.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:00 AM ET.

Should I Buy CMS Energy Stock? CMS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these CMS Energy pros and cons to contact@marketbeat.com.

CMS Energy
Bull Case

Here are some ways that investors could benefit from investing in CMS Energy Co.:

Recent upgrades from multiple analysts, including Guggenheim raising the price target to $67.00 and Morgan Stanley to $68.00, indicate strong market confidence in the stock's potential for growth.
The current stock price is $70.77, which is close to the consensus price target of $70.29, suggesting that the stock may have limited downside risk while still offering potential for appreciation.
CMS Energy Co. has demonstrated consistent revenue growth, with a reported revenue increase of 4.2% year-over-year, showcasing its ability to expand even in challenging market conditions.
The company recently increased its quarterly dividend to $0.515, reflecting a commitment to returning value to shareholders and indicating financial health, with a dividend yield of 3.02%.
With a market capitalization of approximately $21.13 billion and a relatively low beta of 0.41, CMS Energy Co. is considered a stable investment, less susceptible to market volatility compared to higher beta stocks.

CMS Energy
Bear Case

Investors should be bearish about investing in CMS Energy Co. for these reasons:

The company has a debt-to-equity ratio of 1.80, which indicates a higher level of debt compared to equity. This could pose risks in terms of financial stability, especially in a rising interest rate environment.
Despite recent revenue growth, CMS Energy Co. reported quarterly revenue of $1.74 billion, which fell short of analyst estimates of $1.88 billion, raising concerns about its ability to meet market expectations.
The stock has a price-to-earnings (P/E) ratio of 21.64, which may be considered high relative to its earnings growth potential, suggesting that the stock could be overvalued.
Analysts have mixed ratings, with a significant number holding a "hold" rating, indicating uncertainty about the stock's future performance and potential for growth.
CMS Energy Co. operates primarily in Michigan, making it vulnerable to regional economic fluctuations and regulatory changes that could impact its operations and profitability.

CMS Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for CMS Energy is $70.21, with a high forecast of $77.00 and a low forecast of $62.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CMS Energy in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CMS shares.
: According to analysts, CMS Energy's stock has a predicted upside of 1.00% based on their 12-month stock forecasts.
: Over the previous 90 days, CMS Energy's stock had 1 downgrade by analysts.
: CMS Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, and Wells Fargo & Company in the past 90 days.
: Analysts like CMS Energy more than other "utilities" companies. The consensus rating for CMS Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how CMS compares to other companies.

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This page (NYSE:CMS) was last updated on 11/24/2024 by MarketBeat.com Staff

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CMS Energy (CMS) Stock Forecast & Price Target