Morgan Stanley has revised its price target for MGE Energy (MGEE, Financial), cutting it from $80 to $75. Despite this adjustment, the firm maintains an Underweight rating on the stock. The revision is part of a broader update of price targets within the Regulated & Diversified Utilities and Independent Power Producers (IPPs) sector across North America.
Utility stocks showed strong performance against the S&P 500 index in March, highlighting the sector's relative stability. As the first quarter unfolds, Morgan Stanley anticipates a quiet period for MGE Energy without significant financial updates. The primary areas of concern for investors will be tariff risks, which could impact the company's performance moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for MGE Energy Inc (MGEE, Financial) is $74.50 with a high estimate of $80.00 and a low estimate of $69.00. The average target implies an downside of 18.48% from the current price of $91.39. More detailed estimate data can be found on the MGE Energy Inc (MGEE) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, MGE Energy Inc's (MGEE, Financial) average brokerage recommendation is currently 4.5, indicating "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MGE Energy Inc (MGEE, Financial) in one year is $79.73, suggesting a downside of 12.76% from the current price of $91.39. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MGE Energy Inc (MGEE) Summary page.
