CIG Stock Analysis: Buy, Sell, or Hold?
CIG - Companhia Energetica De Minas Gerais-CEMIG
$1.95
0.03 (1.56%)
▲
5d:
+1.56%
30d:
-8.45%
90d:
-11.76%
BUY
HIGH Confidence
Analysis Updated: Aug 24, 2026 12:00 AM ET
Earnings: Aug 13, 2026
0d
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Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: CIG trading at deep discount. Market pricing in -4.2% annual earnings decline, creating value opportunity for patient investors.
✅ BUY SIGNAL: CIG trading at deep discount. Market pricing in -4.2% annual earnings decline, creating value opportunity for patient investors.
In-depth Analysis How we analyze
Valuation Analysis: CIG is currently trading at $1.95, which is considered oversold relative to its 30-day fair value range of $1.96 to $2.18. From a valuation perspective, the stock is trading at a discount (Forward PE: 11.7) compared to its historical average (13.3). Remarkably, the market is currently pricing in an annual earnings decline of 4.2% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, CIG is in a strong downtrend. Immediate support is located at $1.87, while resistance sits at $2.07.
Market Sentiment: CIG scores 81/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $2.14 (+11.3%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, CIG is in a strong downtrend. Immediate support is located at $1.87, while resistance sits at $2.07.
Market Sentiment: CIG scores 81/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $2.14 (+11.3%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$1.96 -
$2.18
Company Quality Score
61/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
88.1%
All Signals
- BULLISH: Price oversold vs 30-day range
- BULLISH: Strong technical setup (81/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($2.14)
- BULLISH: Bottoming setup score 81/100 — corrected, stabilizing, and turning up
Trading Range Analysis
30-Day Trading Range
$1.96 -
$2.18
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$1.87
Resistance Level
$2.07
Current Trend
Strong Downtrend
Technical data as of
Aug 24, 2026
Fundamental Context
Forward P/E (Next Year Est.)
11.71
Wall Street Target
$2.14
(+11.3%)
Revenue Growth (YoY)
3.4%
Earnings Growth (YoY)
-20.4%
Profit Margin
10.5%
Valuation Discount vs History
-4.2% cheaper
PE vs Historical
11.7 vs 13.3
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-4.2%
(market-implied from PE analysis)
1-Year Target
$1.84
(-4%)
2-Year Target
$1.76
(-8%)
3-Year Target
$1.69
(-12%)
3-Yr Target (if PE normalizes)
(PE: 12→13)
$1.92
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 20.1, Growth: 446.7%)
$11.11
(+479%)
Base:
(SPY PE: 11.7, Growth: 446.7%)
$6.48
(+238%)
Bear:
(PE: 10.0, Growth: 446.7%)
$5.51
(+187%)
📈
Valuation based on Current Earnings
Trailing PE: 6.27 | Current EPS (TTM): $0.30
Bull Case
$1.13
(-41%)
Analyst growth -45.3%, PE expands to 6.9
Base Case
$1.03
(-47%)
Market implied -45.3%, PE stable at 6.3
Bear Case
$1.28
(-33%)
Severe decline -20.0%, PE contracts to 5.3
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 11.7 to 13.3
Stabilization Target:
$2.18
(+13.6%)
PE Expansion Potential:
+13.6%
Share & Embed Analysis
Last updated: August 24, 2026 4:39 PM ET
Data refreshes hourly during market hours. Next update: 5:39 PM
Data refreshes hourly during market hours. Next update: 5:39 PM
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Technical Signals Check
Is CIG showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
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