CMS Energy Corporation (CMS) : Analyst Rating Update

CMS Energy Corporation (CMS) : The consensus on CMS Energy Corporation (CMS) based on 9 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CMS Energy Corporation (CMS) : The highest level CMS Energy Corporation (CMS) is projected to reach is $44 for the short term and the lowest estimate is at $37. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $41.29 and the possibility the share price can swing is $2.63.

CMS Energy Corporation (NYSE:CMS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.11 and $45.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.17, notching a gain of 0.20% for the day. The total traded volume was 2,536,616 . The stock had closed at $46.08 on the previous day.

Also, Macquarie downgrades their rating on the shares of CMS Energy Corporation (NYSE:CMS). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 4, 2016. The company shares have rallied 36.49% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $46.23 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $42.98 and the 200 Day Moving Average price is recorded at $40.43.

CMS Energy Corporation (CMS Energy) is an energy company. The Company operates in three segments: consumers electric utility, consumers gas utility and enterprises. CMS Energy is engaged in independent power production and owns power generation facilities fueled by natural gas and biomass. Its subsidiaries include Consumers Energy Company (Consumers) and CMS Enterprises Company (CMS Enterprises). Consumers is an electric and gas utility, and CMS Enterprises is a domestic independent power producer. The Consumers electric utility segments operations include the generation, purchase, distribution and sale of electricity. CMS Energys enterprises segment is engaged in domestic independent power production and the marketing of independent power production. Consumers gas utility operations include the purchase, transmission, storage, distribution and sale of natural gas.

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