At the time of writing, CMS Energy Corporation [CMS] stock is trading at $71.01, down -0.22%. 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 2.70% over the last week, with a monthly amount glided 1.44%, 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 October 15, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $72 from $76. Previously, UBS downgraded its rating to Neutral on April 04, 2024. On February 02, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $64 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $62 on January 16, 2024. Seaport Research Partners downgraded its rating to a Neutral. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on October 05, 2023, but kept the price target unchanged to $57. In a note dated August 23, 2023, Barclays initiated an Equal Weight rating and provided a target price of $58 on this stock.
For the past year, the stock price of CMS Energy Corporation fluctuated between $52.12 and $71.57. 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 $71.01 at the most recent close of the market. An investor can expect a potential drop of -5.86% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.96.
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 70.76 points at the first support level, and at 70.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.28, and for the 2nd resistance point, it is at 71.55.
Ratios To Look Out For
It is important to note that CMS Energy Corporation [NYSE:CMS] has a current ratio of 1.18. As well, the Quick Ratio is 0.87, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 2.86, the price to book ratio is 2.73 and price to earnings (TTM) ratio is 21.86.
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.
