Consolidated Edison, Inc. (ED) Stock Forecast & Predictions

Consolidated Edison, Inc. ED: $76.16

4 Irving Place, New York, New York, US. | Sector: Utilities | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.conedison.com/

  • Market Cap$26.10B
  • Change (52 Weeks)-9.74%
  • Low (52 Weeks)$65.56
  • Consolidated Edison, Inc. (ED) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 12.50% are on Buy, 37.50% on Sell, and 50.00% Neutral.

    According to the market data, Consolidated Edison, Inc. (ED) stock price is $76.16 and the 52 weeks low is $65.56, which means the Consolidated Edison, Inc. stock price is down -9.74% in the last 12 months.

    Consolidated Edison, Inc. (ED) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 12.50% are indicating that ED Stock price might rise further, 37.50% indicating that ED Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ED stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Consolidated Edison, Inc. (ED) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Consolidated Edison, Inc. (ED) is based on 25 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 44.00% remains on Hold, 16.00% are on Moderate Sell and 40.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended ED stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Consolidated Edison, Inc..

    Consolidated Edison, Inc. (ED) Stock Price Prediction By Analysts


    HighLowAverage
    $87.97$65.65$72.81
    $72.814.39% Downside
    Updated: 2021-04-12 00:00:00

    The Average Price target for ED set by the institutional analysts is $72.81 where High Estimate is $87.97, Median $72.42 and Low $65.65.

    The average price target for ED by Institutional Analysts is $72.81, which is 4.39% Downside from the current price. So according to the Institutional Analysts, ED Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Consolidated Edison, Inc. (ED) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ED, it shows that Consolidated Edison, Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ED stock price may surge in the next few weeks.

    Consolidated Edison, Inc. (ED) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyUnderweightMaintained
    Credit SuisseUnderperformDowngraded
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    RBC CapitalSector PerformMaintained
    Evercore ISI GroupUnderperformDowngraded
    Morgan StanleyUnderweightMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    Credit SuisseNeutralMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyUnderweightMaintained
    Goldman SachsSellDowngraded
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    GuggenheimNeutralUpgraded
    Morgan StanleyUnderweightMaintained
    KeyBancSector WeightDowngraded
    Credit SuisseNeutralUpgraded
    Credit SuisseUnderperformMaintained
    KeyBancOverweightMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    CFRAHoldMaintained
    Morgan StanleyUnderweightMaintained
    MizuhoNeutralMaintained
    Wells FargoEqual-WeightMaintained
    Credit SuisseUnderperformMaintained
    B of A SecuritiesBuyReiterated
    Credit SuisseUnderperformMaintained
    B of A SecuritiesBuyUpgraded
    Morgan StanleyUnderweightMaintained
    BarclaysUnderweightMaintained
    UBSNeutralMaintained
    Morgan StanleyUnderweightMaintained
    MizuhoNeutralDowngraded
    Morgan StanleyUnderweightMaintained
    KeyBancOverweightMaintained
    CitigroupNeutralMaintained
    GuggenheimSellDowngraded
    UBSNeutralMaintained
    Bank of AmericaNeutralMaintained
    Morgan StanleyUnderweightMaintained
    BarclaysUnderweightDowngraded
    Wells FargoMarket PerformMaintained
    Credit SuisseUnderperformMaintained
    Bank of AmericaBuyMaintained
    MizuhoBuyUpgraded
    Wells FargoMarket PerformMaintained
    UBSNeutralMaintained
    KeyBancOverweightMaintained
    Evercore ISI GroupIn-LineUpgraded
    Morgan StanleyUnderweightMaintained
    KeyBancOverweightUpgraded
    Morgan StanleyUnderweightMaintained
    Credit SuisseUnderperformMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    Bank of AmericaBuyUpgraded
    MizuhoNeutralInitiated
    Credit SuisseUnderperformMaintained
    Evercore ISI GroupUnderperformDowngraded
    Morgan StanleyUnderweightMaintained
    BarclaysEqual-WeightMaintained
    Goldman SachsNeutralUpgraded
    Evercore ISI GroupIn-LineUpgraded
    Bank of AmericaBuyMaintained
    CitigroupNeutralMaintained
    Bank of AmericaBuyMaintained
    UBSNeutralMaintained
    Morgan StanleyUnderweightMaintained
    Wells FargoMarket PerformMaintained
    Morgan StanleyUnderweightMaintained
    Scotia Howard WeilSector UnderperformInitiated
    Morgan StanleyUnderweightMaintained
    BarclaysEqual-WeightInitiated
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    JP MorganUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    UBSNeutralInitiated
    JP MorganUnderweightInitiated
    Morgan StanleyUnderweightMaintained
    Evercore ISI GroupUnderperformDowngraded
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    JefferiesHoldDowngraded
    Credit SuisseUnderperformInitiated
    Deutsche BankHoldUpgraded
    CitigroupNeutralMaintained
    Evercore ISI GroupHoldUpgraded
    BarclaysEqual-WeightMaintained
    JefferiesBuyUpgraded
    Goldman SachsSellMaintained
    CitigroupNeutralInitiated
    JefferiesHoldMaintained
    Deutsche BankSellDowngraded
    BarclaysEqual-WeightMaintained
    UBSSellMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    Deutsche BankHoldUpgraded
    BarclaysEqual-WeightMaintained
    JefferiesHoldMaintained
    Goldman SachsSellDowngraded
    Deutsche BankSellMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    MizuhoNeutralInitiated
    Evercore ISI GroupHoldUpgraded
    Deutsche BankSellMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    JefferiesHoldMaintained
    Deutsche BankSellMaintained
    JefferiesHoldMaintained
    BarclaysEqual-WeightMaintained
    Evercore ISI GroupSellDowngraded
    Deutsche BankSellDowngraded
    UBSSellDowngraded
    BarclaysEqual-WeightMaintained
    Morgan StanleyUnderweightDowngraded
    JefferiesHoldMaintained
    CitigroupNeutralMaintained
    CRT CapitalFair ValueMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    CitigroupHoldMaintained
    Deutsche BankHoldMaintained
    JefferiesHoldMaintained
    CRT CapitalFair ValueInitiated
    BarclaysEqual-WeightDowngraded
    Argus ResearchBuyUpgraded
    ArgusBuyUpgraded
    BarclaysOverweightUpgraded
    JefferiesHoldUpgraded
    CitigroupNeutralDowngraded
    JefferiesUnderperformDowngraded
    Argus ResearchHoldDowngraded
    ArgusHoldDowngraded
    JefferiesHoldMaintained
    UBSNeutralUpgraded
    Goldman SachsNeutralUpgraded
    JefferiesHoldDowngraded
    BGC FinancialHoldInitiated
    CitigroupBuyUpgraded
    JefferiesBuyMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    JefferiesBuyUpgraded
    BarclaysEqual-WeightMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    RBC CapitalSector PerformUpgraded
    Credit SuisseUnderperformDowngraded
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyOverweightMaintained
    JefferiesHoldMaintained
    JefferiesHoldMaintained
    Bank ofericaUnderperformMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained

    Consolidated Edison, Inc. (ED) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.533
    The average consensus EPS for ED is $0.533 with a high estimate of $0.672 and Low of $0.147 for the period 2021-06-30 and based on 14 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.48$1.550152020-09-30


    The latest average Earning Per Share Estimate for Consolidated Edison, Inc. is $0.53, which is lower than ED's last EPS, $1.48. This means that Analysts are expecting Consolidated Edison, Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Consolidated Edison, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.48$1.550152020-09-30
    $0.6$0.55509792020-06-30
    $1.35$1.44633632020-03-31
    $0.87$0.82576132019-12-31
    $1.54$1.62548422019-09-30
    $0.58$0.61142860000000012019-06-30
    $1.39$1.40268490000000012019-03-31
    $0.77$0.77279870000000012018-12-31
    $1.57$1.50382018-09-30
    $0.61$0.57194872018-06-30
    $1.38$1.33238742018-03-31
    $0.8$0.79713760000000012017-12-31
    $1.47$1.55895652017-09-30
    $0.58$0.63370752017-06-30
    $1.27$1.22209500000000022017-03-31
    $0.68$0.67678212016-12-31
    $1.51$1.51806552016-09-30
    $0.59$0.71387240000000012016-06-30
    $1.18$1.24972992016-03-31
    $0.61$0.55914582015-12-31
    $1.44$1.52432792015-09-30
    $0.77$0.65213420000000012015-06-30
    $1.25$1.2148852015-03-31
    $0.58$0.56471812014-12-31
    $1.48$1.47040742014-09-30
    $0.65$0.55311000000000012014-06-30
    $1.17$1.08340552014-03-31
    $0.69$0.67825499999999992013-12-31
    $1.48$1.4623942013-09-30
    $0.55$0.58638932013-06-30
    $1.08$1.07675172013-03-31
    $0.69$0.75104512012-12-31
    $1.44$1.41672382012-09-30
    $0.61$0.61199512012-06-30
    $1.01$1.06723449999999992012-03-31
    $0.74$0.737482011-12-31
    $1.33$1.37227930000000022011-09-30
    $0.57$0.54810419999999992011-06-30
    $0.98$1.0274252011-03-31
    $0.69$0.72272010000000012010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).