CMS Energy Reaches New 52-Week High at $31.13 (CMS)
CMS Energy (NYSE:CMS) hit a new 52-week high on Monday , AnalystRatingsNetwork.com reports. The company traded as high as $31.13 and last traded at $31.07, with a volume of 651,986 shares. The stock had previously closed at $30.91.
CMS has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of CMS Energy in a research note on Thursday, May 22nd. They set an “outperform” rating and a $35.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, April 25th. They now have a $31.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CMS Energy currently has an average rating of “Buy” and an average price target of $30.80.
The stock’s 50-day moving average is $29.73 and its 200-day moving average is $28.49. The company has a market cap of $8.361 billion and a price-to-earnings ratio of 16.43.
CMS Energy (NYSE:CMS) last released its earnings data on Thursday, April 24th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.13. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $0.53 earnings per share. CMS Energy’s revenue was up 27.5% compared to the same quarter last year. On average, analysts predict that CMS Energy will post $1.76 earnings per share for the current fiscal year.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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