At the time of writing, Consolidated Edison, Inc [ED] stock is trading at $89.37, up 1.02%. 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 gain 1.13% over the last week, with a monthly amount drifted -3.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Consolidated Edison, Inc [NYSE: ED] stock has seen the most recent analyst activity on December 12, 2024, when Scotiabank upgraded its rating to a Sector Perform and also boosted its price target to $100 from $90. Previously, Citigroup upgraded its rating to Buy on October 15, 2024, and elevated its price target to $116. On October 09, 2024, Jefferies initiated with a Hold rating and assigned a price target of $108 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $92 on July 22, 2024. KeyBanc Capital Markets upgraded its rating to a Sector Weight. Ladenburg Thalmann started tracking with a Neutral rating for this stock on January 03, 2024, and assigned it a price target of $92.50. In a note dated October 17, 2023, Wells Fargo upgraded an Equal Weight rating on this stock and revised its target price from $96 to $94.
For the past year, the stock price of Consolidated Edison, Inc fluctuated between $85.85 and $107.75. Currently, Wall Street analysts expect the stock to reach $99.83 within the next 12 months. Consolidated Edison, Inc [NYSE: ED] shares were valued at $89.37 at the most recent close of the market. An investor can expect a potential return of 11.7% based on the average ED price forecast.
Analyzing the ED fundamentals
According to Consolidated Edison, Inc [NYSE:ED], the company’s sales were 15.03B for trailing twelve months, which represents an 5.68% jump. 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 1.2.
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 88.56 points at the first support level, and at 87.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.88, and for the 2nd resistance point, it is at 90.39.
Ratios To Look Out For
It is important to note that Consolidated Edison, Inc [NYSE:ED] has a current ratio of 1.01. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 16.81.
Transactions by insiders
Recent insider trading involved Miller Joseph, VP & Controller, that happened on Dec 16 ’24 when 1.0 shares were purchased. VP & Controller, Miller Joseph completed a deal on Sep 16 ’24 to buy 1.0 shares. Meanwhile, VP & Controller Miller Joseph bought 1.0 shares on Jun 14 ’24.
