Consolidated Edison Inc. (NYSE: ED). Extremely important positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and its shorter term price trend turned up.
Marginal positive changes in Consolidated Edison Inc. (NYSE: ED) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ED’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Consolidated Edison has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Consolidated Edison has a neutral Power Rating of 53 but a good Appreciation Score of 75, with the Positive Value Trend Rating the result.
Recent Price Action
On 12/6/23, Consolidated Edison Inc. (NYSE: ED) stock rose modestly by 0.5%, closing at $91.65. However, trading volume in this advance was unusually low at 56% of normal. The stock has risen 0.9% during the last week and has performed in line with the market over the last nine months.
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