In a report released today, Sophie Karp from KeyBanc maintained a Hold rating on Consolidated Edison (ED – Research Report). The company’s shares closed yesterday at $88.22.
According to TipRanks, Karp is a 4-star analyst with an average return of 3.5% and a 49.49% success rate. Karp covers the Utilities sector, focusing on stocks such as Duke Energy, Consolidated Edison, and Northwestern.
The word on The Street in general, suggests a Hold analyst consensus rating for Consolidated Edison with a $87.36 average price target.
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The company has a one-year high of $97.36 and a one-year low of $78.98. Currently, Consolidated Edison has an average volume of 1.86M.
Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ED in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Consolidated Edison (ED) Company Description:
Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.
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