Morgan Stanley analyst Stephen Byrd maintained a Sell rating on Consolidated Edison (ED) today and set a price target of $76.00. The company’s shares closed last Friday at $70.52.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
Currently, the analyst consensus on Consolidated Edison is a Moderate Sell with an average price target of $80.44, a 13.0% upside from current levels. In a report issued on May 8, Credit Suisse also maintained a Sell rating on the stock with a $76.00 price target.
See today’s analyst top recommended stocks >>
Consolidated Edison’s market cap is currently $23.94B and has a P/E ratio of 18.40. The company has a Price to Book ratio of 1.47.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.