Consolidated Edison, Inc [NYSE: ED] stock went on a downward path that fall over -1.01% on Thursday, amounting to a one-week price decrease of less than -4.97%.
Over the last 12 months, ED stock rose by 15.82%. The one-year Consolidated Edison, Inc stock forecast points to a potential upside of 0.51. The average equity rating for ED stock is currently 3.26, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $35.20 billion, with 346.15 million shares outstanding and 345.48 million shares in the current float. Compared to the average trading volume of 1.74M shares, ED stock reached a trading volume of 3717628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $102.20 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 3.26. 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.
Citigroup have made an estimate for Consolidated Edison, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on October 09, 2024, representing the official price target for Consolidated Edison, Inc stock. Previously, the target price had yet another drop from $97 to $92, while Barclays kept a Underweight rating on ED stock.
The Average True Range (ATR) for Consolidated Edison, Inc is set at 1.64, with the Price to Sales ratio for ED stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 1.63, with the Price to Cash per share for the same quarter was set at 4.35.
ED Stock Performance Analysis:
Consolidated Edison, Inc [ED] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.97. With this latest performance, ED shares dropped by -2.65% in over the last four-week period, additionally plugging by 6.75% over the last 6 months – not to mention a rise of 15.82% 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 40.36, with the RSI for the last a single of trading hit 33.64, and the three-weeks RSI is set at 44.64 for Consolidated Edison, Inc [ED]. The present Moving Average for the last 50 days of trading for this stock 103.54, while it was recorded at 103.34 for the last single week of trading, and 95.09 for the last 200 days.
Insight into Consolidated Edison, Inc 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.
ED Stock EPS
With the latest financial reports released by the company, Consolidated Edison, Inc posted 1.62/share EPS, while the average EPS was predicted by analysts to be reported at 1.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 5.58%.
Consolidated Edison, Inc [ED] Institutonal Ownership Details
There are presently around $70.33%, or 70.47%% of ED stock, in the hands of institutional investors. The top three institutional holders of ED stocks are: VANGUARD GROUP INC with ownership of 41.53 million shares, which is approximately 12.0202%. BLACKROCK INC., holding 41.08 million shares of the stock with an approximate value of $$3.67 billion in ED stocks shares; and BLACKROCK INC., currently with $$2.06 billion in ED stock with ownership which is approximately 6.6658%.
