Unveiling 7 Analyst Insights On Consolidated Edison

In the last three months, 7 analysts have published ratings on Consolidated Edison ED, offering a diverse range of perspectives from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $82.21, with a high estimate of $94.00 and a low estimate of $71.00. This upward trend is evident, with the current average reflecting a 0.46% increase from the previous average price target of $81.83.

Interpreting Analyst Ratings: A Closer Look

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.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Consolidated Edison. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Consolidated Edison compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Consolidated Edison's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Consolidated Edison's market position. Stay informed and make well-judged decisions with the assistance of 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.

Consolidated Edison's Economic Impact: An Analysis

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Negative Revenue Trend: Examining Consolidated Edison's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -7.03% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.

Net Margin: Consolidated Edison's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.58%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Consolidated Edison's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.51%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Consolidated Edison's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.82% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Consolidated Edison's debt-to-equity ratio is below the industry average at 1.13, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.