Consolidated Edison, Inc. (ED) Gets a Sell Rating from Morgan Stanley
Morgan Stanley analyst Stephen Byrd maintained a Sell rating on Consolidated Edison, Inc. (ED) today and set a price target of $91. The company’s shares closed last Monday at $86.97.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Consolidated Edison, Inc. with a $89.50 average price target, a 4.3% upside from current levels. In a report issued on August 8, Credit Suisse also maintained a Sell rating on the stock with a $86 price target.
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Consolidated Edison, Inc.’s market cap is currently $28.89B and has a P/E ratio of 20.64. The company has a Price to Book ratio of 1.63.
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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.