At the time of writing, CMS Energy Corporation [CMS] stock is trading at $71.05, up 0.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMS shares have gain 1.38% over the last week, with a monthly amount glided 4.70%, 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.
For the past year, the stock price of CMS Energy Corporation fluctuated between $49.87 and $71.02. Currently, Wall Street analysts expect the stock to reach $66.85 within the next 12 months. CMS Energy Corporation [NYSE: CMS] shares were valued at $71.05 at the most recent close of the market. An investor can expect a potential drop of -5.91% based on the average CMS price forecast.
Analyzing the CMS fundamentals
According to CMS Energy Corporation [NYSE:CMS], the company’s sales were 7.41B for trailing twelve months, which represents an 3.34% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.96.
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 70.41 points at the first support level, and at 69.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.59, and for the 2nd resistance point, it is at 72.12.
Ratios To Look Out For
It is important to note that CMS Energy Corporation [NYSE:CMS] has a current ratio of 1.18. On the other hand, the Quick Ratio is 0.87, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.87, the price to book ratio is 2.73 and price to earnings (TTM) ratio is 21.87.
Transactions by insiders
Recent insider trading involved Hofmeister Brandon J., Senior Vice President, that happened on Sep 04 ’24 when 2000.0 shares were sold. Officer, Hofmeister Brandon J. completed a deal on Sep 04 ’24 to buy 2000.0 shares. Meanwhile, Senior Vice President Rich Brian F sold 4000.0 shares on Aug 01 ’24.
