Forecasting The Future: 6 Analyst Projections For Consolidated Edison
Portfolio Pulse from Benzinga Insights
In the past three months, 6 analysts have updated their ratings on Consolidated Edison (NYSE:ED), showing a shift towards a more cautious stance with 4 indifferent and 2 somewhat bearish ratings. The average 12-month price target for ED has been adjusted to $87.58, reflecting a slight increase from the previous target. Analysts from firms including UBS, RBC Capital, Barclays, Ladenburg Thalmann, JP Morgan, and Morgan Stanley have made adjustments to their price targets and ratings, indicating a nuanced view on the company's future performance. Consolidated Edison has seen a revenue decline of -7.03% over the last quarter but maintains strong profitability indicators such as a net margin of 13.58% and above-average ROE and ROA.
February 16, 2024 | 8:00 pm
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Consolidated Edison has received mixed analyst ratings with a slight increase in the average price target to $87.58. Despite a revenue decline, the company shows strong profitability and financial health.
The mixed analyst ratings and slight increase in the average price target suggest a cautious but not pessimistic outlook for ED. The company's strong profitability metrics, such as net margin, ROE, and ROA, alongside a prudent debt management strategy, may buffer the negative impact of the revenue decline on the stock price in the short term. However, the overall cautious stance of analysts and the revenue decline could limit significant upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100