CMS Energy Corporation [CMS] stock prices are up 1.83% to $59.55 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMS shares have gain 3.28% over the last week, with a monthly amount glided 1.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CMS Energy Corporation [NYSE: CMS] stock has seen the most recent analyst activity on April 04, 2024, when UBS downgraded its rating to a Neutral. Previously, Guggenheim upgraded its rating to Buy on February 02, 2024, and elevated its price target to $64. On January 16, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $62 on the stock. Seaport Research Partners downgraded its rating to a Neutral. KeyBanc Capital Markets upgraded its rating to a Overweight but $57 remained the price target by the analyst firm on October 05, 2023. Barclays started tracking with a Equal Weight rating for this stock on August 23, 2023, and assigned it a price target of $58. In a note dated June 06, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $63 to $68.
The stock price of CMS Energy Corporation [CMS] has been fluctuating between $49.87 and $63.76 over the past year. Currently, Wall Street analysts expect the stock to reach $66.31 within the next 12 months. CMS Energy Corporation [NYSE: CMS] shares were valued at $59.55 at the most recent close of the market. An investor can expect a potential return of 11.35% based on the average CMS price forecast.
Analyzing the CMS fundamentals
The CMS Energy Corporation [NYSE:CMS] reported sales of 7.46B for trailing twelve months, representing a drop of -14.40%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.93 points at the first support level, and at 58.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.93, and for the 2nd resistance point, it is at 60.30.
Ratios To Look Out For
It’s worth pointing out that CMS Energy Corporation [NYSE:CMS]’s Current Ratio is 0.98. As well, the Quick Ratio is 0.66, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 19.85.
Transactions by insiders
Recent insider trading involved Hofmeister Brandon J., Senior Vice President, that happened on Feb 23 ’24 when 3500.0 shares were sold. Senior Vice President, Hofmeister Brandon J. completed a deal on Dec 07 ’23 to sell 1000.0 shares. Meanwhile, Senior Vice President Rich Brian F sold 5000.0 shares on Nov 08 ’23.
