Morgan Stanley analyst David Arcaro has revised the price target for CMS Energy (CMS, Financial), adjusting it downward to $71 from the previous $74. The analyst maintains an Equal Weight rating for the stock. This update comes as part of the firm's broader assessment of stocks within the Regulated & Diversified Utilities / IPP North America sector. Morgan Stanley highlights that there remains strong demand from data centers and large load customers within the utilities sector.
Furthermore, the firm notes that management teams are optimistic about handling any changes to the Inflation Reduction Act (IRA), with several companies having protective measures already established. This strategic positioning suggests that the sector is prepared to navigate potential legislative shifts.
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 $75.82 with a high estimate of $83.00 and a low estimate of $59.34. The average target implies an upside of 9.46% from the current price of $69.27. 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 $62.30, suggesting a downside of 10.06% from the current price of $69.27. 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.
