Impact of Brokerage Rating on Consolidated Edison Inc(ED)

Many Consolidated Edison Inc(ED) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Consolidated Edison was Initiated by Credit Suisse to Underperform on Jan 25, 2017.

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Robert Muccilo (VP & Chief Accounting Officer) purchased 27 shares at 73.16 per share price.On Feb 3, 2017, Gurudatta D Nadkarni (VP, Strategic Planning) purchased 28 shares at 73.16 per share price.On Feb 3, 2017, Joseph P Oates (President & CEO, CET) purchased 8 shares at 73.16 per share price.

Consolidated Edison Last issued its quarterly earnings results on Nov 3, 2016. The company reported $1.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.15. Analyst had a consensus of $1.47. The company had revenue of $3417.00 million for the quarter, compared to analysts expectations of $3227.12 million. The companys revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

Consolidated Edison Inc (NYSE:ED) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3.03 by 10 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Consolidated Edison Inc (NYSE:ED): The mean short term price target for Consolidated Edison Inc (NYSE:ED) has been established at $72.64 per share. The higher price target estimate is at $83 and the lower price target estimate is expected at $59 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.78

Consolidated Edison Inc (NYSE:ED) witnessed a decline in the market cap on Tuesday as its shares dropped 0.89% or 0.66 points. After the session commenced at $74.14, the stock reached the higher end at $74.3 while it hit a low of $73.3939. With the volume soaring to 1,254,320 shares, the last trade was called at $73.69. The company has a 52-week high of $81.88. The company has a market cap of $22,455 million and there are 304,727,520 shares in outstanding. The 52-week low of the share price is $68.44.

Consolidated Edison, Inc. is one of the nations largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.

Consolidated

For any feedback and suggestions contact author at Kurt.Burns@thefoundersdaily.com

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