Consolidated Edison (NYSE: ED) recently received a number of ratings updates from brokerages and research firms:

  • 1/12/2018 – Consolidated Edison is now covered by analysts at JPMorgan Chase & Co.. They set an “underweight” rating and a $78.00 price target on the stock.
  • 1/4/2018 – Consolidated Edison was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Consolidated Edison has a favorable rate decisions history by regulatory authorities, which will likely encourage it to invest more in infrastructure improvements. It continues to follow a systematic capital investment plan for infrastructure development and the expansion of renewable assets. The company is also making notable progress in generating renewable energy. Moreover, the company outperformed the broader industry in past one year. However, the company faces interest rate risk owing to variable rate debt and to new debt financing needed to fund capital requirements. Also, adverse decisions by the commissions in pending regulatory cases may negatively impact Consolidated Edison’s earnings.”
  • 1/3/2018 – Consolidated Edison had its “hold” rating reaffirmed by analysts at Guggenheim. They now have a $88.00 price target on the stock.
  • 1/3/2018 – Consolidated Edison was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “Consolidated Edison has a favorable rate decisions history by regulatory authorities, which will likely encourage it to invest more in infrastructure improvements. The company is also making notable progress in generating renewable energy. Moreover, the company outperformed its broader industry over a year. However, the company faces interest rate risk owing to variable rate debt and to new debt financing needed to fund capital requirements.”
  • 12/31/2017 – Consolidated Edison was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Consolidated Edison, Inc. (ED) opened at $79.02 on Wednesday. The company has a market cap of $24,500.00, a P/E ratio of 19.80, a P/E/G ratio of 9.32 and a beta of 0.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. Consolidated Edison, Inc. has a 12 month low of $72.13 and a 12 month high of $89.70.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, November 2nd. The utilities provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.07). The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.14 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. During the same quarter last year, the business earned $1.51 earnings per share. analysts anticipate that Consolidated Edison, Inc. will post 4.1 earnings per share for the current fiscal year.

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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