Consolidated Edison Inc. Reaches New 12-Month Low at $52.85 (ED)
Consolidated Edison (NYSE:ED)’s share price reached a new 52-week low during mid-day trading on Friday, Analyst Ratings Network reports. The stock traded as low as $52.85 and last traded at $53.49, with a volume of 2,993,629 shares traded. The stock had previously closed at $53.96.
A number of analysts have recently weighed in on ED shares. Analysts at Citigroup Inc. downgraded shares of Consolidated Edison from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Jefferies Group cut their price target on shares of Consolidated Edison from $49.00 to $46.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of Consolidated Edison from a “hold” rating to an “underperform” rating in a research note to investors on Thursday, November 21st. They now have a $49.00 price target on the stock, down previously from $60.00. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.88.
Consolidated Edison has a 52 week low of $53.90 and a 52 week high of $64.03. The stock’s 50-day moving average is $55.49 and its 200-day moving average is $56.9. The company has a market cap of $15.655 billion and a P/E ratio of 15.37.
Consolidated Edison (NYSE:ED) last released its earnings data on Monday, November 4th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Consolidated Edison will post $3.75 EPS for the current fiscal year.
Consolidated Edison, Inc (NYSE:ED) is a holding company, which owns Consolidated Edison Company of New York, Inc (CECONY), which delivers electricity, natural gas and steam to customers in New York City and Westchester County; Orange and Rockland Utilities, Inc (O&R) (together with CECONY referred to as the Utilities), which delivers electricity and natural gas to customers primarily located in southeastern New York, and northern New Jersey and northeastern Pennsylvania, and competitive energy businesses, which provide retail and wholesale electricity supply and energy services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.