RBC Capital analyst Shelby Tucker maintained a Hold rating on Consolidated Edison (ED – Research Report) on January 17 and set a price target of $94.00. The company’s shares closed yesterday at $93.34.
According to TipRanks, Tucker is a top 25 analyst with an average return of 12.6% and a 76.81% success rate. Tucker covers the Utilities sector, focusing on stocks such as American Electric Power, American Water, and Essential Utilities.
Currently, the analyst consensus on Consolidated Edison is a Moderate Sell with an average price target of $88.33, implying a -5.37% downside from current levels. In a report released on January 9, Mizuho Securities also downgraded the stock to a Hold with a $98.00 price target.
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The company has a one-year high of $101.31 and a one-year low of $77.38. Currently, Consolidated Edison has an average volume of 1.74M.
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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:
- Consolidated Edison downgraded to Neutral from Buy at Mizuho
- Consolidated Edison price target raised to $98 from $87 at Wells Fargo
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Consolidated Edison upgraded to Neutral at BofA on capital deployment plans
- Consolidated Edison upgraded to Neutral from Underperform at BofA