At the time of writing, Consolidated Edison, Inc. [ED] stock is trading at $103.28, up 1.69%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ED shares have gain 2.36% over the last week, with a monthly amount glided 1.42%, 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 July 22, 2024, when Barclays downgraded its rating to a Underweight and also revised its price target to $92 from $97. Previously, KeyBanc Capital Markets upgraded its rating to Sector Weight on January 04, 2024. On January 03, 2024, Ladenburg Thalmann initiated with a Neutral rating and assigned a price target of $92.50 on the stock. Wells Fargo upgraded its rating to a Equal Weight and decreased its price target to $94 on October 17, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $88 as its price target on August 23, 2023. BofA Securities upgraded its rating to Buy for this stock on July 21, 2023, and upped its price target to $103. In a note dated June 08, 2023, Goldman initiated an Sell rating and provided a target price of $88 on this stock.
For the past year, the stock price of Consolidated Edison, Inc. fluctuated between $80.46 and $105.99. Currently, Wall Street analysts expect the stock to reach $88.6 within the next 12 months. Consolidated Edison, Inc. [NYSE: ED] shares were valued at $103.28 at the most recent close of the market. An investor can expect a potential drop of -14.21% based on the average ED price forecast.
Analyzing the ED fundamentals
According to Consolidated Edison, Inc. [NYSE:ED], the company’s sales were 14.81B for trailing twelve months, which represents an 9.38% jump. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 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 1.21.
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 102.05 points at the first support level, and at 100.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.01, and for the 2nd resistance point, it is at 104.74.
Ratios To Look Out For
It is important to note that Consolidated Edison, Inc. [NYSE:ED] has a current ratio of 1.04. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 20.09.
Transactions by insiders
Recent insider trading involved Miller Joseph, VP & Controller, that happened on Jun 14 ’24 when 1.0 shares were purchased. Director, KILLIAN JOHN F completed a deal on May 22 ’24 to sell 1500.0 shares. Meanwhile, Pres. CECONY, Shared Services Sanchez Robert bought 24.0 shares on Apr 30 ’24.
