Market Inference Overview -- ED Stock

Large-cap Utilities company Consolidated Edison has moved -1.2% so far today on a volume of 39,407, compared to its average of 1,677,201. The stock is so far tracking the broader marker: the S&P 500 index moved -1.2%.

Consolidated Edison trades 8.89% away from its average analyst target price of $82.88 per share. The 16 analysts following the stock have set target prices ranging from $68 to $94, and on average have given Consolidated Edison a rating of hold.

Below are some factors that could be affecting the stocks's performance and analyst recommendation:

  • Consolidated Edison has moved 17.6% over the last year, and the S&P 500 logged a change of -15.9%

  • Based on its trailing earning per share of 4.75, Consolidated Edison has a trailing 12 month Price to Earnings (P/E) ratio of 19.0 while the S&P 500 average is 15.97

  • ED has a forward P/E ratio of 18.8 based on its forward 12 month price to earnings (Eps) is $4.8 per share

  • The company has a price to earnings growth (PEG) ratio of 4.1 -- a number near or below 1 signifying that Consolidated Edison is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 1.5 compared to its sector average of 1.47

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. Based in New York, the company has 13,871 full time employees and a market cap of $32,026,386,432. Consolidated Edison currently returns an annual dividend yield of 3.4%.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.