Consolidated Edison (NYSE:ED) Downgraded by Bank of America Co. – 3 stars to Underperform

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Consolidated Edison stock has undergone multiple analysts rating changes in the recent past.  Consolidated Edison Downgraded by Bank of America Co. – 3 stars on 10/18/2021. In a note to investors, the firm issued a new rating of Underperform. The analysts previously had rating of Neutral.

Shares of Consolidated Edison traded down -$1.28 on Friday, reaching $74.47. 3000 shares of the stock traded hands, compared to its average volume of 3116200. Shares of Consolidated Edison were trading at $74.47 on Friday. The firm’s 50 day moving average is $74.97 and its 200 day moving average is $73.97.Consolidated Edison has a 12 month low of $74.27 and a 12 month high of $83.92. While on yearly highs and lows, Consolidated Edison’s today has traded high as $75.75 and has touched $74.27 on the downward trend. See More Analyst Rating at: RATING

Consolidated Edison Earnings and What to expect: 

Consolidated Edison last released its quarterly earnings data on August 5th, 2021. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.82 billion. Consolidated Edison has generated $4.18 earnings per share over the last year ($3.30 diluted earnings per share) and currently has a price-to-earnings ratio of 22.6. Earnings for Consolidated Edison are expected to grow by 7.60% in the coming year, from $4.21 to $4.53 per share. Consolidated Edison has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021.

Earnings for Consolidated Edison are expected to grow by 7.60% in the coming year, from $4.21 to $4.53 per share. The P/E ratio of Consolidated Edison is 22.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.48. The P/E ratio of Consolidated Edison is 22.57, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 12.46. Consolidated Edison has a PEG Ratio of 8.87. PEG Ratios above 1 indicate that a company could be overvalued. Consolidated Edison has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Consolidated Edison (NYSE:ED) Moving Average Technical Analysis

5 day Moving Average is $75.16 And 5 day price change is $1.00 (1.36%)  with average volume for 5 day average is 7,232,960. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $73.63 and 20 day price change is $1.40 (1.92%) and average 20 day moving volume is 3,336,205. 50 day moving average is $74.97  and 50 day price change is -$0.85 ( -1.13%)  and with average volume for 50 days is : 2,616,840. 200 day moving average is $73.97  and 200 day price change is $3.45 (4.86%)  and with average volume for 200 days is : 2,412,930.

Other owners latest trading in Consolidated Edison :

  • On 10/15/2021 shares held by AdvisorNet Financial Inc were 17,210 which equates to market value of $1.25M and appx 0.10% owners of Consolidated Edison
  • On 10/15/2021 shares held by Intersect Capital LLC were 5,903 which equates to market value of $0.43M and appx 0.10% owners of Consolidated Edison
  • On 10/15/2021 shares held by Pacer Advisors Inc. were 50,835 which equates to market value of $3.69M and appx 0.00% owners of Consolidated Edison
  • In total Institutional ownership equates to Institutional Ownership Percentage: 60.91% for Consolidated Edison

See More Analyst Rating at: RATING