Consolidated Edison, Inc [ED] stock prices are up 0.94% to $97.88 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ED shares have gain 2.59% over the last week, with a monthly amount drifted -7.40%, and not 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.
The stock price of Consolidated Edison, Inc [ED] has been fluctuating between $85.85 and $107.75 over the past year. Currently, Wall Street analysts expect the stock to reach $92.91 within the next 12 months. Consolidated Edison, Inc [NYSE: ED] shares were valued at $97.88 at the most recent close of the market. An investor can expect a potential drop of -5.08% based on the average ED price forecast.
Analyzing the ED fundamentals
The Consolidated Edison, Inc [NYSE:ED] reported sales of 15.03B for trailing twelve months, representing a surge of 5.68%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.18%, 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 0.09 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 96.89 points at the first support level, and at 95.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.40, and for the 2nd resistance point, it is at 98.92.
Ratios To Look Out For
It’s worth pointing out that Consolidated Edison, Inc [NYSE:ED]’s Current Ratio is 1.01. Further, the Quick Ratio stands at 0.93, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 18.41.
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.
