A share price of Consolidated Edison, Inc. [ED] is currently trading at $89.32, up 0.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ED shares have lost -1.41% over the last week, with a monthly amount glided 0.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Consolidated Edison, Inc. [NYSE: ED] stock has seen the most recent analyst activity on January 04, 2024, when KeyBanc Capital Markets upgraded its rating to a Sector Weight. Previously, Ladenburg Thalmann started tracking the stock with Neutral rating on January 03, 2024, and set its price target to $92.50. On October 17, 2023, upgrade upgraded it’s rating to Equal Weight and revised its price target to $94 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $88 on August 23, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $103 on July 21, 2023. Goldman started tracking with a Sell rating for this stock on June 08, 2023, and assigned it a price target of $88. In a note dated March 22, 2023, Argus upgraded an Buy rating on this stock but restated the target price of $104.
Consolidated Edison, Inc. experienced fluctuations in its stock price throughout the past year between $80.46 and $100.92. Currently, Wall Street analysts expect the stock to reach $77.7 within the next 12 months. Consolidated Edison, Inc. [NYSE: ED] shares were valued at $89.32 at the most recent close of the market. An investor can expect a potential drop of -13.01% based on the average ED price forecast.
Analyzing the ED fundamentals
Trailing Twelve Months sales for Consolidated Edison, Inc. [NYSE:ED] were 14.64B which represents -14.09% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.13 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 88.68 points at the first support level, and at 88.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.09, and for the 2nd resistance point, it is at 90.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Consolidated Edison, Inc. [NYSE:ED] is 1.01. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 12.44.
Transactions by insiders
Recent insider trading involved HOGLUND ROBERT N, SVP & CFO, that happened on Mar 29 ’24 when 156.0 shares were purchased. Chairman, President & CEO, Cawley Timothy completed a deal on Mar 29 ’24 to buy 80.0 shares. Meanwhile, President & CEO, O&R Sanchez Robert bought 73.0 shares on Mar 29 ’24.
