Consolidated Edison Inc (ED) : The consensus on Consolidated Edison Inc (ED) based on 10 analyst recommendation on the company stock is 3.43, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Consolidated Edison Inc (ED).
Consolidated Edison Inc (ED) : The most positive equity analysts on Consolidated Edison Inc (ED) expects the shares to touch $77, whereas, the least positive believes that the stock will trade at $58 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $69.71 with an expected fluctuation of $6.7 from the mean.
Consolidated Edison Inc (NYSE:ED): The stock opened at $81.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $81.64 for the day. The stock traded down to $80.53 during the day, due to lack of any buying support eventually closed down at $81.55 with a loss of -0.15% for the day. The stock had closed at $81.67 on the previous day. The total traded volume was 1,783,748 shares.
Also, Equity Analysts at the Deutsche Bank downgrades the rating on Consolidated Edison Inc (NYSE:ED). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on April 18, 2016. The company shares have rallied 33.38% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $81.88 and the one year low was seen on Jul 15, 2015. The 50-Day Moving Average price is $75.86 and the 200 Day Moving Average price is recorded at $72.73.
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) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).