Where Consolidated Edison Stands With Analysts

Across the recent three months, 5 analysts have shared their insights on Consolidated Edison ED, expressing a variety of opinions spanning from bullish to bearish.

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.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $81.9, a high estimate of $92.50, and a low estimate of $71.00. This current average reflects an increase of 3.02% from the previous average price target of $79.50.

Analyzing Analyst Ratings: A Detailed Breakdown

The perception of Consolidated Edison by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Consolidated Edison. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Consolidated Edison compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Consolidated Edison's stock. This comparison reveals trends in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Consolidated Edison's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Consolidated Edison analyst ratings.

Discovering Consolidated Edison: A Closer Look

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: Financial Performance Dissected

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Decline in Revenue: Over the 3 months period, Consolidated Edison faced challenges, resulting in a decline of approximately -7.03% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.

Net Margin: Consolidated Edison's net margin excels beyond industry benchmarks, reaching 13.58%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Consolidated Edison's ROE excels beyond industry benchmarks, reaching 2.51%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Consolidated Edison's ROA excels beyond industry benchmarks, reaching 0.82%. This signifies efficient management of assets and strong financial health.

Debt Management: Consolidated Edison's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.13.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

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