Consolidated Edison (ED) Stock Forecast & Price Target

$100.41

+0.24 (+0.24%)

(As of 08/21/2024 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

Reduce
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Consolidated Edison in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 4 have given a sell rating, 7 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for ED.

Consensus Price Target

$92.19
-8.18% Downside

High Forecast	$109.00
Average Forecast	$92.19
Low Forecast	$73.00

According to the 13 analysts' twelve-month price targets for Consolidated Edison, the average price target is $92.19. The highest price target for ED is $109.00, while the lowest price target for ED is $73.00. The average price target represents a forecasted downside of -8.18% from the current price of $100.41.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Reduce	Reduce	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)	2 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$92.19	$89.04	$88.46	$90.50
Forecasted Upside	-8.18% Downside	-2.43% Downside	-2.32% Downside	-1.35% 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.

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.

Consolidated Edison Stock vs. The Competition

Type	Consolidated Edison	Utilities Companies	S&P 500
Consensus Rating Score	1.92	2.47	2.51
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-8.18% Downside	69.62% Upside	8.75% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Underperform ➝ Sector Underperform	$85.00 ➝ $90.00	-10.37%
8/5/2024	Barclays 3 of 5 stars	N. Campanella Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$92.00 ➝ $98.00	-2.68%
8/5/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$97.00 ➝ $109.00	+7.85%
8/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$88.00 ➝ $91.00	-9.97%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$97.00 ➝ $105.00	+3.62%
7/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Appicelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$92.00 ➝ $96.00	+2.13%
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6/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$80.00 ➝ $76.00	-16.91%
6/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ferguson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/28/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$93.00 ➝ $95.00	+0.60%
2/16/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$94.00 ➝ $93.00	+5.95%
1/4/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Sector Weight
1/3/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$92.50	+0.10%
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$84.00 ➝ $87.00	-3.12%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$88.00	-5.92%
5/5/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/22/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$92.00 ➝ $103.00	+11.08%
2/17/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$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 Thursday at 08:18 AM ET.

ED Forecast - Frequently Asked Questions

What is Consolidated Edison's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Consolidated Edison is $92.19, with a high forecast of $109.00 and a low forecast of $73.00.
Should I buy or sell Consolidated Edison stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 4 sell ratings, 7 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ED shares.
Does Consolidated Edison's stock price have much downside?: According to analysts, Consolidated Edison's stock has a predicted downside of -3.00% based on their 12-month stock forecasts.
Has Consolidated Edison been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Consolidated Edison's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover Consolidated Edison?: Consolidated Edison has been rated by research analysts at Argus, Bank of America, Barclays, Guggenheim, Mizuho, Morgan Stanley, Scotiabank, UBS Group, 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 for Consolidated Edison is Reduce while the average consensus rating for "utilities" companies is Hold. Learn more on how ED compares to other companies.