For its second fiscal quarter (ending June 30), Consolidated Edison Inc. (NYSE: ED) has reported E.P.S. of $0.58 compared to $0.65 a year ago. For the latest four quarters through June 30, E.P.S. were $5.17 compared to $7.00 a year ago.
Recent Price Action
Consolidated Edison Inc. (NYSE: ED) stock closed at $100.21 on 8/1/24 after a large increase of 2.8%. Moreover, trading volume in this advance was above average at 132% of normal. The stock has risen 4.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ED 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 51 but a good Appreciation Score of 74, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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