Morgan Stanley has adjusted its price target for CMS Energy (CMS, Financial), increasing it to $74 from the previous $71. The firm maintains an Equal Weight rating for the shares. This update is part of the firm's broader review of price targets for Regulated & Diversified Utilities and Independent Power Producers in North America.
According to Morgan Stanley, the utilities sector performed well in March, surpassing the S&P 500's gains. As the first quarter progresses, the firm notes it is likely to be a period without major financial developments, labeling it a "quiet quarter." During this time, attention will likely shift towards evaluating tariff risks within the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for CMS Energy Corp (CMS, Financial) is $74.71 with a high estimate of $83.00 and a low estimate of $60.64. The average target implies an upside of 1.65% from the current price of $73.50. More detailed estimate data can be found on the CMS Energy Corp (CMS) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, CMS Energy Corp's (CMS, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" 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 CMS Energy Corp (CMS, Financial) in one year is $62.02, suggesting a downside of 15.62% from the current price of $73.5. 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 CMS Energy Corp (CMS) Summary page.
