Consolidated Edison Inc (ED) Stock AnalysisEDConsolidated Edison Inc

Consolidated Edison, Inc. is a holding company. The Company, through its subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc., provides a range of energy-related products and services to its customers. CECONY is a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. O&R, along with its electric utility subsidiary, Rockland Electric Company, provides electric service in southeastern New York and northern New Jersey and gas service in southeastern New York. O&R delivers gas to customers in southeastern New York. Con Edison Transmission, Inc. falls primarily under the oversight of the Federal Energy Regulatory Commission, which develops and invests in electric transmission projects and owns, through joint ventures, both electric and gas assets. It operates in the Utilities sector (ELECTRIC & OTHER SERVICES COMBINED industry).

Consolidated Edison Inc is currently a hold. The stock is priced at $106.1, which is close to the average analyst target of $108, indicating limited upside potential. The RSI is at 70.95, suggesting it is overbought, which may lead to a price correction. However, the company has a solid gross margin of 61.86% and a strong year-to-date change of +6.11%, reflecting stable financial performance. The main risk is the recent downgrades from analysts, with BofA lowering its target to $96, which could indicate bearish sentiment.

14 analysts cover ED: 1 rate it Buy, 7 Hold and 6 Sell. The average price target is 102.00.