Last Updated: 19 Sep 2024
Executive Summary
Consolidated Edison Inc. (NYSE: ED) is a leading energy company with a market capitalization of $36.29 billion. The company has a strong financial position with an EBITDA of $5.376 billion and a profit margin of 12%. ED's stock price is currently trading at $103.41, which is within its 52-week range of $77.67 and $105.82. The stock has a trailing PE ratio of 20.3 and a forward PE ratio of 18.62. Analysts have a consensus rating of "Hold" on the stock, with a target price of $98.
Company Overview
Consolidated Edison, Inc. is one of the largest investor-owned energy companies in the United States. The company provides a wide range of energy-related products and services to its customers through its subsidiaries. ED's operations are divided into three segments: electric, gas, and steam. The electric segment is the largest, accounting for approximately 60% of the company's revenue. The gas segment accounts for approximately 30% of revenue, and the steam segment accounts for the remaining 10%.
Fundamental Analysis
ED's financial performance has been strong in recent years. The company's revenue has grown by an average of 3% per year over the past five years. Net income has grown by an average of 5% per year over the same period. ED's profit margin has been relatively stable over the past five years, averaging 12%. The company's return on assets (ROA) and return on equity (ROE) have also been stable, averaging 3.12% and 8.42%, respectively.
Technical Analysis
ED's stock price has been trending higher in recent months. The stock broke out of a resistance level at $100 in early August and has since made a series of higher highs and higher lows. The stock's 50-day moving average is currently at $99.12, and the 200-day moving average is at $93.11. The stock's relative strength index (RSI) is currently at 60, which is considered to be a neutral level.
Short Term Outlook
ED's stock price is likely to continue to trend higher in the short term. The stock is currently trading above its 50-day and 200-day moving averages, and the RSI is at a neutral level. The stock's breakout of the $100 resistance level is also a bullish sign.
Long Term Outlook
ED's long-term outlook is positive. The company is a leader in the energy industry and has a strong financial position. The company's revenue and earnings are expected to continue to grow in the years to come. ED's stock price is likely to continue to perform well over the long term.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on ED's stock. The average target price for the stock is $98. Two analysts have a "Strong Buy" rating on the stock, while 10 have a "Hold" rating and six have a "Sell" rating.
