Consolidated Edison (ED) Stock Forecast & Price Target

$89.58 -0.09 (-0.10%)

(As of 12/24/2024 05:19 PM ET)

Consolidated Edison - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
2

Hold
9

Buy
4

Based on 15 Wall Street analysts who have issued ratings for Consolidated Edison in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 2 have given a sell rating, 9 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for ED.

Consensus Price Target

$99.96
11.59% Upside

According to the 15 analysts' twelve-month price targets for Consolidated Edison, the average price target is $99.96. The highest price target for ED is $116.00, while the lowest price target for ED is $85.00. The average price target represents a forecasted upside of 11.59% from the current price of $89.58.

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ED Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$99.96	$98.19	$93.81	$88.08
Forecasted Upside	11.59% Upside	-1.27% Downside	-9.04% Downside	-2.42% Downside
Consensus Rating	Hold	Hold	Reduce	Reduce

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ED Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ED Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Consolidated Edison Stock vs. The Competition

Type	Consolidated Edison	Utilities Companies	S&P 500
Consensus Rating Score	2.27	2.53	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	11.59% Upside	29.08% Upside	13.49% Upside
News Sentiment Rating	Positive News See Recent ED News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/12/2024	Scotiabank 5 of 5 stars	A. Weisel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Underperform ➝ Sector Perform	$90.00 ➝ $100.00	+7.82%
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$88.00 ➝ $85.00	-13.88%
11/8/2024	Evercore ISI 2 of 5 stars	D. Chopra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Campanella Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$104.00 ➝ $99.00	+0.74%
10/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Levine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$103.00 ➝ $116.00	+12.51%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$108.00	+5.77%
Get the Latest News and Ratings for ED and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter.
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Appicelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$105.00 ➝ $106.00	+3.37%
8/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$97.00 ➝ $109.00	+7.85%
8/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$88.00 ➝ $91.00	-9.97%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$97.00 ➝ $105.00	+3.62%
6/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ferguson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/28/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$93.00 ➝ $95.00	+0.60%
2/16/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$94.00 ➝ $93.00	+5.95%
1/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Sector Weight
1/3/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$92.50	+0.10%
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$84.00 ➝ $87.00	-3.12%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$88.00	-5.92%
5/5/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$95.00 ➝ $91.00	-2.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:59 PM ET.

Should I Buy Consolidated Edison Stock? ED Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 22, 2024. Please send any questions or comments about these Consolidated Edison pros and cons to contact@marketbeat.com.

Consolidated Edison
Bull Case

Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.:

Recent earnings report showed a strong performance with earnings per share (EPS) of $1.68, exceeding the consensus estimate of $1.56, indicating robust financial health.
The company has declared a quarterly dividend of $0.83 per share, translating to an annualized dividend of $3.32, which offers a yield of approximately 3.58%, providing a steady income stream for investors.
Consolidated Edison, Inc. has a solid market capitalization of $32.08 billion, reflecting its stability and presence in the utilities sector, which is often seen as a safe investment.
The stock has a relatively low beta of 0.36, suggesting that it is less volatile compared to the overall market, making it a safer investment during uncertain economic times.
Analysts have recently upgraded their ratings on the stock, with target prices reaching as high as $116, indicating positive sentiment and potential for price appreciation.

Consolidated Edison
Bear Case

Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons:

The company has a debt-to-equity ratio of 1.07, which indicates a higher level of debt compared to equity, potentially increasing financial risk, especially in a rising interest rate environment.
Despite recent upgrades, the average analyst rating remains a "Hold," suggesting that there may not be significant upside potential in the near term.
The stock's current price is around $100.45, which is close to its 50-day simple moving average, indicating that it may not be undervalued at this time.
Consolidated Edison, Inc. has a relatively high price-to-earnings (P/E) ratio of 17.47, which may suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
With a quick ratio of 0.93, the company may face challenges in meeting its short-term liabilities, which could raise concerns about liquidity in times of financial stress.

ED Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Consolidated Edison is $99.96, with a high forecast of $116.00 and a low forecast of $85.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 2 sell ratings, 9 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ED, but not buy additional shares or sell existing shares.
: According to analysts, Consolidated Edison's stock has a predicted upside of 11.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Consolidated Edison's stock had 3 upgrades by analysts.
: Consolidated Edison has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Jefferies Financial Group, Morgan Stanley, and Scotiabank in the past 90 days.
: Analysts like Consolidated Edison less than other "utilities" companies. The consensus rating for Consolidated Edison is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how ED compares to other companies.

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This page (NYSE:ED) was last updated on 12/25/2024 by MarketBeat.com Staff

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Consolidated Edison (ED) Stock Forecast & Price Target