Analysts' ratings for Consolidated Edison (NYSE:ED) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 4 | 3 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 1 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $90.43, a high estimate of $97.00, and a low estimate of $76.00. Marking an increase of 2.6%, the current average surpasses the previous average price target of $88.14.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Consolidated Edison among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nicholas Campanella | Barclays | Lowers | Underweight | $92.00 | $97.00 |
| William Appicelli | UBS | Raises | Neutral | $96.00 | $92.00 |
| David Arcaro | Morgan Stanley | Lowers | Underweight | $76.00 | $80.00 |
| David Arcaro | Morgan Stanley | Raises | Underweight | $80.00 | $73.00 |
| Anthony Crowdell | Mizuho | Raises | Neutral | $95.00 | $93.00 |
| Nicholas Campanella | Barclays | Raises | Equal-Weight | $97.00 | $89.00 |
| Sarah Akers | Wells Fargo | Raises | Equal-Weight | $97.00 | $93.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Consolidated Edison. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Consolidated Edison compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Consolidated Edison's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Consolidated Edison's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Consolidated Edison analyst ratings.
All You Need to Know About Consolidated Edison
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
A Deep Dive into Consolidated Edison's Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Consolidated Edison faced challenges, resulting in a decline of approximately -2.79% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Consolidated Edison's net margin excels beyond industry benchmarks, reaching 16.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Consolidated Edison's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Consolidated Edison's ROA excels beyond industry benchmarks, reaching 1.08%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.16.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.