BMO Capital Keeps Their Buy Rating on CMS Energy (CMS)
In a report released today, James Thalacker from BMO Capital maintained a Buy rating on CMS Energy, with a price target of $81.00.
Claim 55% Off TipRanks
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
According to TipRanks, Thalacker is a 5-star analyst with an average return of 13.1% and a 65.91% success rate. Thalacker covers the Utilities sector, focusing on stocks such as CMS Energy, Duke Energy, and Entergy.
In addition to BMO Capital, CMS Energy also received a Buy from Bank of America Securities’s Ross Fowler in a report issued yesterday. However, today, Jefferies downgraded CMS Energy (NYSE: CMS) to a Hold.
Based on CMS Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.73 billion and a net profit of $340 million. In comparison, last year the company earned a revenue of $2.45 billion and had a net profit of $304 million
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMS in relation to earlier this year. Last month, Brandon J. Hofmeister, the SVP of CMS sold 3,000.00 shares for a total of $222,930.00.
Read More on CMS:
