Consolidated Edison, Inc. [NYSE: ED] plunged by -$1.63 during the normal trading session on while it closed the day at $99.23.
Consolidated Edison, Inc. stock has also loss -1.26% of its value over the past 7 days. However, ED stock has inclined by 2.39% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.27% and gained 9.08% year-on date.
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The market cap for ED stock reached $34.35 billion, with 346.15 million shares outstanding and 345.47 million shares in the current float. Compared to the average trading volume of 1.87M shares, ED reached a trading volume of 2757438 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Consolidated Edison, Inc. [ED]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ED shares is $96.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ED stock is a recommendation set at 3.37. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Consolidated Edison, Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 22, 2024. The new note on the price target was released on January 04, 2024, representing the official price target for Consolidated Edison, Inc. stock. Previously, the target price had yet another raise to $92.50, while Ladenburg Thalmann analysts kept a Neutral rating on ED stock. On October 17, 2023, analysts decreased their price target for ED shares from 96 to 94.
The Average True Range (ATR) for Consolidated Edison, Inc. is set at 1.85, with the Price to Sales ratio for ED stock in the period of the last 12 months amounting to 2.32. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 4.35.
ED stock trade performance evaluation
Consolidated Edison, Inc. [ED] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.26. With this latest performance, ED shares gained by 5.83% in over the last four-week period, additionally plugging by 14.27% over the last 6 months – not to mention a rise of 13.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ED stock in for the last two-week period is set at 56.80, with the RSI for the last a single of trading hit 50.87, and the three-weeks RSI is set at 58.37 for Consolidated Edison, Inc. [ED]. The present Moving Average for the last 50 days of trading for this stock 93.86, while it was recorded at 100.93 for the last single week of trading, and 91.74 for the last 200 days.
Consolidated Edison, Inc. [ED]: An insightful look at the core fundamentals
Consolidated Edison, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.04.
Earnings per share (EPS) analysis for Consolidated Edison, Inc. [ED] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ED. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Consolidated Edison, Inc. go to 5.70%.
Consolidated Edison, Inc. [ED]: Institutional Ownership
The top three institutional holders of ED stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ED stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ED stock with ownership which is approximately 5.1238%.
