Consolidated Edison (NYSE:ED) was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $78.07 price target on the utilities provider’s stock. Evercore ISI’s price objective suggests a potential upside of 0.31% from the company’s current price.
A number of other equities analysts have also weighed in on ED. Zacks Investment Research lowered shares of Consolidated Edison from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Morgan Stanley lifted their price target on shares of Consolidated Edison from $78.00 to $81.00 and gave the company an “underweight” rating in a report on Tuesday. ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. Citigroup lifted their price target on shares of Consolidated Edison from $79.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, October 16th. Finally, Bank of America decreased their price target on shares of Consolidated Edison from $87.00 to $83.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.64.
Shares of ED opened at $77.83 on Tuesday. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 6.09 and a beta of 0.12. Consolidated Edison has a fifty-two week low of $71.12 and a fifty-two week high of $84.32. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97.
Consolidated Edison Company Profile
Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,600 customers in parts of Manhattan.
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