Consolidated Edison, Inc. (ED) Analyst Ratings & Price Targets

Consolidated Edison, Inc.

ED · NYSE

Analyst Consensus

Underperform

16 analysts

$106

Current

—

Low

$112

Average

—

High

Average target implies +5.88% versus the current price.

Analyst Ratings Synthesis

The supplied consensus is Underperform across 16 analysts, with a mean target of $113.25; its low and high are not provided. Other published datasets place average targets around $107.58 to $113.22, while reported individual targets span $86 from KeyBanc to $120 from Citigroup, so the visible range is wide and the estimates cluster only loosely around the low-$110s. Citigroup is the most bullish named analyst at $120, and KeyBanc the least bullish at $86. The clear weekly revision was Mizuho’s downgrade from Outperform to Neutral and target cut from $118 to $105. The substantive disagreement centers on whether regulated rate-base and infrastructure growth can overcome capital-spending, financing and operating-cost pressures.

Rating Actions

No individual rating actions have been captured for EDyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

B OF A GLBL RES

BARCLAYS CAPITA

CITIGROUP

CO FORECST

EVERCORE ISI

GOLDMAN SACHS

GUGGENHEIM SEC.

JP MORGAN SECUR

KEYBANC CAP MKT

LADENBERG THALM

MIZUHO SECURITI

MORGAN STANLEY

RBC CAPITAL

SCOTIABANK

WELLS FARGO SEC

ZACKS RESEARCH

Symbol: ED
Type: Stock
Sector: Utilities
Industry: Electric & Other Services Combined
Exchange: NYSE

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York-including New York City-and small parts of New Jersey. The two utilities generate roughly 90% of Con Ed's earnings. The other 10% of earnings comes from investments in renewable energy projects and gas and electric transmission.

Key Issues

Bullish view

Con Ed’s regulated utility model can support earnings through approved rate increases and continued infrastructure investment. Comparable utility results showed that higher rates or rate-base growth can lift profits even as revenue rises.

Bearish view

Higher fuel, power and interest costs have pressured other utilities’ quarterly earnings, and Zacks said Con Ed lacks the ingredients for a likely earnings beat. Cost inflation could therefore absorb the benefit of revenue growth.

Analyst Consensus

See all

Underperform

16 analysts

$106

Current

—

Low

$112

Average

—

High

Average target implies +5.88% versus the current price.

Earnings History

BeatMissNo estimate

Consolidated Edison, Inc.

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

Covering Firms

Peers