Consolidated Edison (ED) Stock Forecast & Price Target

$98.36 -0.34 (-0.34%)

(As of 11/22/2024 ET)

Consolidated Edison - Analysts' Recommendations and Stock Price Forecast (2024)

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 16 Analyst Ratings

Sell
4

Hold
8

Buy
4

Based on 16 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 16 analysts, 4 have given a sell rating, 8 have given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for ED.

Consensus Price Target

$98.19
-0.17% Downside

According to the 16 analysts' twelve-month price targets for Consolidated Edison, the average price target is $98.19. 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 downside of -0.17% from the current price of $98.36.

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ED Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	2 Strong Buy rating(s)	1 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	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$98.19	$98.73	$92.65	$87.54
Forecasted Upside	-0.17% Downside	-7.73% Downside	-7.90% Downside	-3.76% 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	2.13	2.50	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-0.17% Downside	21.34% Upside	7.66% 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
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 3 of 5 stars	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%
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%
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8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Underperform ➝ Sector Underperform	$85.00 ➝ $90.00	-10.37%
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 Saturday at 04:31 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 Wednesday, November 20, 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 upgrades from analysts, including a "strong buy" rating from Evercore ISI, indicate positive sentiment and potential for stock appreciation.
The current stock price is $98.16, which is close to the consensus target price of $98.35, suggesting limited downside risk.
Institutional ownership is strong, with 66.29% of shares held by institutional investors and hedge funds, indicating confidence in the company's stability.
Several analysts have recently raised their price targets, with Bank of America setting a target of $109.00, reflecting optimism about the company's future performance.
Consolidated Edison, Inc. has a solid market capitalization of $33.98 billion, which provides a buffer against market volatility and supports ongoing operations and investments.

Consolidated Edison
Bear Case

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

Barclays recently lowered its price target from $104.00 to $99.00, indicating a cautious outlook and potential for further declines.
The company has received multiple "underweight" ratings from analysts, suggesting that some experts believe the stock may underperform compared to the market.
Consolidated Edison, Inc. has a relatively high debt-to-equity ratio of 1.08, which may raise concerns about financial leverage and risk during economic downturns.
Recent trading volumes have shown fluctuations, with a significant drop in share price from a 52-week high of $107.75, indicating potential volatility.
With a PE ratio of 18.49, the stock may be considered overvalued compared to industry peers, which could deter value-focused investors.

ED Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Consolidated Edison is $98.19, with a high forecast of $116.00 and a low forecast of $85.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 4 sell ratings, 8 hold ratings, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street 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 downside of -0.17% based on their 12-month stock forecasts.
: Over the previous 90 days, Consolidated Edison's stock had 2 upgrades by analysts.
: Consolidated Edison has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Jefferies Financial Group, Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like Consolidated Edison less than other "utilities" companies. The consensus rating score for Consolidated Edison is 2.13 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how ED compares to other companies.

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This page (NYSE:ED) was last updated on 11/23/2024 by MarketBeat.com Staff

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Consolidated Edison (ED) Stock Forecast & Price Target