In a report released today, Eric Beaumont from Barclays maintained a Hold rating on CMS Energy (CMS), with a price target of $51.00. The company’s shares closed last Monday at $57.23.
According to TipRanks.com, Beaumont is a 3-star analyst with an average return of 1.0% and a 47.5% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CMS Energy with a $66.36 average price target, implying a 25.2% upside from current levels. In a report issued on March 12, Morgan Stanley also maintained a Hold rating on the stock with a $66.00 price target.
See today’s analyst top recommended stocks >>
CMS Energy’s market cap is currently $15.15B and has a P/E ratio of 21.50. The company has a Price to Book ratio of 2.91.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution and sale of natural gas The Enterprises segment engages primarily in domestic independent power production, marketing of independent power production and the development and operation of renewable generation. The company was founded in 1987 and is headquartered in Jackson, MI.
