.png "Consolidated Edison, Inc. (NYSE: ED)")
In a report issued on June 18, Eric Beaumont from Barclays maintained a Hold rating on Consolidated Edison, Inc. (ED), with a price target of $90. The company’s shares closed yesterday at $88.88, close to its 52-week high of $90.51.
According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Edison International.
Currently, the analyst consensus on Consolidated Edison, Inc. is a Hold with an average price target of $88, which is a -1.0% downside from current levels. In a report issued on June 4, KeyBanc also initiated coverage with a Hold rating on the stock.
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Based on Consolidated Edison, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.51 billion and net profit of $424 million. In comparison, last year the company earned revenue of $3.36 billion and had a net profit of $428 million.
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Consolidated Edison, Inc. operates as holding company, which through its subsidiaries engages in the business of regulated electric, gas, and steam delivery. It operates through the following segments: Consolidated Edison Co. of New York, Inc.; Orange & Rockland Utilities, Inc; Competitive Energy Businesses; and Other.
