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Consolidated Edison (ED) Stock Forecast & Price Target

$92.19
+0.73 (+0.80%)
(As of 07/12/2024 ET)

Consolidated Edison - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$89.27
-3.17% Downside
High Forecast$97.00
Average Forecast$89.27
Low Forecast$73.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Reduce
Reduce
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$89.27$89.58$87.96$90.00
Forecasted Upside-3.17% Downside-1.68% Downside-1.19% Downside-3.08% Downside
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ED Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ED Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Consolidated Edison Stock vs. The Competition

TypeConsolidated EdisonUtilities CompaniesS&P 500
Consensus Rating Score
2.00
2.47
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-3.17% Downside60.77% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$80.00 ➝ $76.00-16.91%
6/7/2024Argus
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M. Ferguson
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UpgradeStrong-Buy
5/28/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$93.00 ➝ $95.00+0.60%
5/7/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$89.00 ➝ $97.00+0.67%
5/3/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$93.00 ➝ $97.00+1.51%
4/22/2024Scotiabank
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 Lower TargetSector Underperform ➝ Sector Underperform$91.00 ➝ $85.00-8.40%
2/16/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$99.00 ➝ $94.00+6.98%
2/16/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$94.00 ➝ $93.00+5.95%
1/4/2024KeyCorp
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 UpgradeUnderweight ➝ Sector Weight
1/3/2024LADENBURG THALM/SH SH
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 Initiated CoverageNeutral$92.50+0.10%
11/29/2023JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$84.00 ➝ $87.00-3.12%
10/9/2023Guggenheim
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 Lower Target$85.00 ➝ $82.00-5.55%
8/16/2023Bank of America
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 Lower TargetBuy ➝ Buy$103.00 ➝ $96.00+9.48%
6/7/2023The Goldman Sachs Group
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 Initiated CoverageSell$88.00-5.92%
5/5/20233M
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 Reiterated RatingMaintains
2/22/2023Citigroup
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 Boost TargetNeutral$92.00 ➝ $103.00+11.08%
2/17/2023Credit Suisse Group
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 Lower TargetNeutral$95.00 ➝ $91.00-2.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:24 AM ET.

ED Forecast - Frequently Asked Questions

What is Consolidated Edison's forecast for 2024?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Consolidated Edison is $89.27, with a high forecast of $97.00 and a low forecast of $73.00.

Should I buy or sell Consolidated Edison stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 3 sell ratings, 7 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ED, but not buy additional shares or sell existing shares.

Does Consolidated Edison's stock price have much downside?

According to analysts, Consolidated Edison's stock has a predicted downside of -1.82% based on their 12-month stock forecasts.

Has Consolidated Edison been upgraded by Wall Street analysts recently?

Over the previous 90 days, Consolidated Edison's stock had 1 upgrade by analysts.

What analysts cover Consolidated Edison?

Consolidated Edison has been rated by research analysts at Argus, Barclays, Mizuho, Morgan Stanley, Scotiabank, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Consolidated Edison more than its competitors?

Analysts like Consolidated Edison less than other "utilities" companies. The consensus rating score for Consolidated Edison is 2.00 while the average consensus rating score for "utilities" companies is 2.47. Learn more on how ED compares to other companies.


This page (NYSE:ED) was last updated on 7/14/2024 by MarketBeat.com Staff

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