Unveiling 7 Analyst Insights On Consolidated Edison
Portfolio Pulse from Benzinga Insights
Consolidated Edison (NYSE:ED) has received mixed reviews from 7 analysts in the last three months, with 3 indifferent and 4 somewhat bearish ratings. The average 12-month price target is $82.21, slightly up from the previous $81.83. Analysts from firms including Ladenburg Thalmann, JP Morgan, Morgan Stanley, Barclays, Keybanc, and Wells Fargo have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Con Ed's financials show a negative revenue trend with a -7.03% growth, but strong profitability with a net margin of 13.58% and efficient use of equity and assets, as indicated by ROE of 2.51% and ROA of 0.82%. The company's debt-to-equity ratio is conservative at 1.13.
January 03, 2024 | 8:00 pm
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NEUTRAL IMPACT
Consolidated Edison has a mixed outlook from analysts, with recent adjustments in ratings and price targets. Financial indicators show strong profitability but a decline in revenue growth, which may influence investor sentiment.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on ED's stock price. The strong profitability indicators such as net margin, ROE, and ROA may reassure investors, while the negative revenue trend could raise concerns. The conservative debt management may also be viewed positively. Overall, the impact is likely to be balanced with no clear direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100