Scotiabank analyst Andrew Weisel maintained a Sell rating on Consolidated Edison (ED – Research Report) today and set a price target of $91.00. The company’s shares closed last Friday at $87.32.
Weisel covers the Utilities sector, focusing on stocks such as DTE Energy, Eversource Energy, and Alliant Energy. According to TipRanks, Weisel has an average return of 0.8% and a 50.70% success rate on recommended stocks.
Currently, the analyst consensus on Consolidated Edison is a Hold with an average price target of $89.32.
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ED market cap is currently $30.17B and has a P/E ratio of 12.11.
Based on the recent corporate insider activity of 136 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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