In a report issued on May 9, Shelby Tucker from RBC Capital maintained a Hold rating on Consolidated Edison (ED – Research Report), with a price target of $89.00. The company’s shares closed last Tuesday at $92.65.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 10.3% and a 71.1% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Consolidated Edison with a $87.91 average price target, implying a -6.9% downside from current levels. In a report issued on April 25, Credit Suisse also initiated coverage with a Hold rating on the stock with a $100.00 price target.
Based on Consolidated Edison’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.06 billion and net profit of $602 million. In comparison, last year the company earned revenue of $3.68 billion and had a net profit of $419 million.
Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.
Read More on ED:
- RBC Capital Reaffirms Their Hold Rating on CMS Energy (CMS)
- RBC Capital Maintains a Hold Rating on Chesapeake Utilities (CPK)
- RBC Capital Reaffirms Their Buy Rating on Centerpoint Energy (CNP)
- Aecom Technology (ACM) Received its Third Buy in a Row
- Analysts’ Opinions Are Mixed on These Financial Stocks: Stag Industrial (STAG), American Homes (AMH) and CatchMark Timber (CTT)