From what 14 stock analysts predict, the share price for Consolidated Edison Inc (ED) might increase by 5.18% in the next year. This is based on a 12-month average estimation for ED. Price targets go from $88 to $116. The majority of stock analysts believe ED is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
ED is a stock in Utilities which has been forecasted to be worth $102.07 as an average. On the higher end, the forecast price is $116 USD by Ryan Levine from Citigroup and on the lower end ED is forecasted to be $88 by from Barclays.
These are the latest 20 analyst ratings of ED.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Nicholas Campanella Barclays | Underweight | $99 | Maintains | Nov 8, 2024 |
Nicholas Campanella Barclays | Underweight | $104 | Maintains | Oct 21, 2024 |
Ryan Levine Citigroup | Buy | $116 | Upgrade | Oct 15, 2024 |
Julien Dumoulin-Smith Jefferies | Hold | $108 | Initiates | Oct 9, 2024 |
David Arcaro Morgan Stanley | Underweight | $87 | Maintains | Sep 25, 2024 |
William Appicelli UBS | Neutral | $106 | Maintains | Sep 20, 2024 |
David Arcaro Morgan Stanley | Underweight | $82 | Maintains | Aug 23, 2024 |
Andrew Weisel Scotiabank | Sector Underperform | $90 | Maintains | Aug 20, 2024 |
Julien Dumoulin-Smith B of A Securities | Buy | $109 | Maintains | Aug 5, 2024 |
Nicholas Campanella Barclays | Underweight | $98 | Maintains | Aug 5, 2024 |
Shahriar Pourreza Guggenheim | Neutral | $91 | Maintains | Aug 2, 2024 |
Sarah Akers Wells Fargo | Equal-Weight | $105 | Maintains | Aug 2, 2024 |
Nicholas Campanella Barclays | Underweight | $92 | Downgrade | Jul 22, 2024 |
William Appicelli UBS | Neutral | $96 | Maintains | Jul 19, 2024 |
David Arcaro Morgan Stanley | Underweight | $76 | Maintains | Jun 24, 2024 |
David Arcaro Morgan Stanley | Underweight | $80 | Maintains | May 28, 2024 |
Anthony Crowdell Mizuho | Neutral | $95 | Maintains | May 28, 2024 |
Nicholas Campanella Barclays | Equal-Weight | $97 | Maintains | May 7, 2024 |
Sarah Akers Wells Fargo | Equal-Weight | $97 | Maintains | May 3, 2024 |
Andrew Weisel Scotiabank | Sector Underperform | $85 | Maintains | Apr 22, 2024 |
When did it IPO
1970
Staff Count
14,592
Country
United States
Sector/Industry
Utilities/Utilities - Regulated Electric
CEO
Mr. Timothy P. Cawley
Market Cap
$33.62B
In 2023, ED generated $14.66B in revenue, which was a decrease of -6.43% from the previous year. This can be seen as a signal that ED's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - ED's Q3 earnings exceeded the Zacks Consensus Estimate by 7.7%, while revenues surpassed expectations by 1.9%.
Why It Matters - ED's strong earnings and revenue beat indicate robust financial health, potentially driving stock prices up and attracting investor interest.
Summary - November's top Aristocrat dividend stocks include Franklin Resources, Amcor, Hormel, and Kenvue. Analysts project net gains of 12.5% to 20.12% by November 2025, with NextEra Energy and Target leading.
Why It Matters - The news highlights high-yielding dividend stocks, suggesting potential capital gains and attractive income opportunities, which could drive investor interest and influence portfolio strategies.
Summary - Consolidated Edison reported Q3 2024 net income of $588 million ($1.70/share), up from $526 million ($1.53/share) in Q3 2023. Adjusted earnings also increased to $583 million ($1.68/share).
Why It Matters - Con Edison reported increased net income and adjusted earnings per share for Q3 2024, signaling strong financial performance and potential for future growth, impacting stock valuation and investor confidence.
Summary - Con Ed (ED) reported its quarterly performance for September 2024; comparisons with Wall Street estimates and previous year metrics may provide additional insights.
Why It Matters - Comparing Con Ed's performance against Wall Street estimates and prior year results helps investors gauge growth, profitability, and market expectations, influencing stock valuation and future investment decisions.
Summary - Con Ed (ED) is not expected to achieve a likely earnings beat in its upcoming report due to a lack of key performance indicators. Investors should prepare for this outcome.
Why It Matters - Con Ed's lack of favorable conditions for an earnings beat may signal weaker performance, potentially impacting stock prices and investor sentiment.
Summary - Investors are comparing Avista (AVA) and Consolidated Edison (ED) for value in the Utility - Electric Power sector. Analysis needed to determine which stock offers better value.
Why It Matters - The comparison of Avista and Consolidated Edison highlights potential investment opportunities, influencing decisions based on value assessment and stock performance in the utility sector.