In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on Consolidated Edison (ED), with a price target of $83.00. The company’s shares closed last Monday at $80.79.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.2% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Consolidated Edison with a $77.50 average price target, which is a -5.1% downside from current levels. In a report issued on October 15, Merrill Lynch also downgraded the stock to Hold with a $82.00 price target.
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The company has a one-year high of $95.10 and a one-year low of $62.03. Currently, Consolidated Edison has an average volume of 2.14M.
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Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.
