Consolidated Edison, Inc [NYSE: ED] traded at a low on Wednesday, posting a -1.91 loss after which it closed the day’ session at $100.20.
The results of the trading session contributed to over 5509652 shares changing hands. Over the past one week, the price volatility of Consolidated Edison, Inc stands at 2.67% while the volatility over the past one month is 2.02%.
The market cap for ED stock reached $34.74 billion, with 347.00 million shares outstanding and 345.97 million shares in the current float. Compared to the average trading volume of 2.51M shares, ED reached a trading volume of 5509652 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $98.73 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 3.24. 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.
Scotiabank have made an estimate for Consolidated Edison, Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 12, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $103 to $116. The new note on the price target was released on October 15, 2024, representing the official price target for Consolidated Edison, Inc stock. Previously, the target price had yet another raise to $108, while Jefferies analysts kept a Hold rating on ED stock. On July 22, 2024, analysts decreased their price target for ED shares from 97 to 92.
The Average True Range (ATR) for Consolidated Edison, Inc is set at 2.17, with the Price to Sales ratio for ED stock in the period of the last 12 months amounting to 2.28. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 3.84.
How has ED stock performed recently?
Consolidated Edison, Inc [ED] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.24. With this latest performance, ED shares gained by 4.79% in over the last four-week period, additionally sinking by -1.34% over the last 6 months – not to mention a rise of 15.16% 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 58.40, with the RSI for the last a single of trading hit 56.12, and the three-weeks RSI is set at 58.26 for Consolidated Edison, Inc [ED]. The present Moving Average for the last 50 days of trading for this stock 93.71, while it was recorded at 101.56 for the last single week of trading, and 96.89 for the last 200 days.
Consolidated Edison, Inc [ED]: Deeper insight into the fundamentals
Consolidated Edison, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 1.04.
Earnings analysis for Consolidated Edison, Inc [ED]
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 5.46%.
Insider trade positions for Consolidated Edison, Inc [ED]
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 6.658%.
