Consolidated Edison, Inc. [ED] stock is trading at $107.40, up 1.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ED shares have gain 1.19% over the last week, with a monthly amount glided 4.45%, 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 October 15, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $116 from $103. Previously, Jefferies started tracking the stock with Hold rating on October 09, 2024, and set its price target to $108. On July 22, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $92 on the stock. KeyBanc Capital Markets upgraded its rating to a Sector Weight. Ladenburg Thalmann initiated its recommendation with a Neutral and recommended $92.50 as its price target on January 03, 2024. Wells Fargo upgraded its rating to Equal Weight for this stock on October 17, 2023, and downed its price target to $94. In a note dated August 23, 2023, Barclays initiated an Equal Weight rating and provided a target price of $88 on this stock.
Consolidated Edison, Inc. [ED] stock has fluctuated between $85.85 and $107.10 over the past year. Currently, Wall Street analysts expect the stock to reach $92.3 within the next 12 months. Consolidated Edison, Inc. [NYSE: ED] shares were valued at $107.40 at the most recent close of the market. An investor can expect a potential drop of -14.06% based on the average ED price forecast.
Analyzing the ED fundamentals
Consolidated Edison, Inc. [NYSE:ED] reported sales of 14.81B for the trailing twelve months, which represents a growth of 9.38%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.21.
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 106.20 points at the first support level, and at 105.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.03, and for the 2nd resistance point, it is at 108.66.
Ratios To Look Out For
For context, Consolidated Edison, Inc.’s Current Ratio is 1.04. Also, the Quick Ratio is 0.97, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 2.51, the price to book ratio is 1.72 and price to earnings (TTM) ratio is 20.89.
Transactions by insiders
Recent insider trading involved Miller Joseph, VP & Controller, that happened on Sep 16 ’24 when 1.0 shares were purchased. VP & Controller, Miller Joseph completed a deal on Jun 14 ’24 to buy 1.0 shares. Meanwhile, Director KILLIAN JOHN F sold 1500.0 shares on May 22 ’24.
