Citigroup has recently raised Consolidated Edison, Inc. (ED) stock to Buy rating, as announced on October 15, 2024, according to Finviz. Earlier, on October 9, 2024, Jefferies had initiated the stock to Hold, setting a price target of $108. Barclays also reduced Underweight rating with a price target of $92. Additionally, KeyBanc Capital Markets raised Sector Weight rating on January 4, 2024. Ladenburg Thalmann analysts, in their report published on January 3, 2024, also initiated Neutral rating for Consolidated Edison, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Consolidated Edison, Inc. (ED) Stock Trading Recap
On Monday, Consolidated Edison, Inc. (ED) stock saw a decline, ending the day at $98.5 which represents a decrease of $-2.09 or -2.08% from the prior close of $100.59. The stock opened at $100.84 and touched a low of $98.2 during the day, reaching a high of $100.84. The volume of shares traded was 1.90 million exceeding the average volume of 1.89 million.
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ED Stock Performance and Moving Averages
In recent trading, Consolidated Edison, Inc. (ED) stock price has shown some volatility, fluctuating 0.14% over the last five trades and -3.13% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 5.15%, and it has plunged by -4.63% in the previous three months. Currently, ED is trading at 0.18%, -3.13%, and 2.57% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ED, a Utilities sector stock, is trading -8.58% below its 52-week high but remains 14.74% above its 52-week low. The Average True Range (ATR) (14 days) of 1.64 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Consolidated Edison, Inc.’s Profitability and Valuation Ratios
Consolidated Edison, Inc.’s profitability metrics reveal financial health. The company currently boasts an operating margin of 17.75% and a profit margin of 12.27%, with a gross margin of 5.15%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Consolidated Edison, Inc.’s market capitalization stands at $33.79 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.53, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 17.52. Additionally, the Price-to-Sales Ratio is 2.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.56, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.19% of Consolidated Edison, Inc. (ED)’s shares, while financial institutions hold 69.13%.
Notable insider trades include KILLIAN JOHN F, Director at Consolidated Edison, Inc. (ED), who sold 1500 shares on May 22 ’24, at $97.12 each, totaling $0.15 million.
