CMS Energy Corp. Price Target Increased to $32.00 by Analysts at Barclays (CMS)
Barclays lifted their price target on shares of CMS Energy Corp. (NYSE:CMS) from $30.00 to $32.00 in a research note issued on Friday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would indicate a potential upside of 14.16% from the company’s current price.
Shares of CMS Energy Corp. (NYSE:CMS) traded up 0.68% on Friday, hitting $28.03. 6,592,407 shares of the company’s stock traded hands. CMS Energy Corp. has a one year low of $22.56 and a one year high of $29.98. The stock’s 50-day moving average is $27.08 and its 200-day moving average is $27.. The company has a market cap of $7.452 billion and a P/E ratio of 17.09.
CMS Energy Corp. (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that CMS Energy Corp. will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Investors of record on Friday, November 1st will be paid a dividend of $0.26 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, October 30th.
CMS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy Corp. in a research note to investors on Friday. They now have a $30.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note to investors on Monday, October 21st. They now have a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $30.50.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.