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Consolidated Edison (ED) Stock Forecast, Price Target & Predictions

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ED Stock Forecast

Consolidated Edison stock forecast is as follows: an average price target of $102.75 (represents a 11.00% upside from ED’s last price of $92.57) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

ED Price Target

The average price target for Consolidated Edison (ED) is $102.75 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $116.00 to $87.00. This represents a potential 11.00% upside from ED's last price of $92.57.

ED Analyst Ratings

Hold

According to 9 Wall Street analysts, Consolidated Edison's rating consensus is 'Hold'. The analyst rating breakdown for ED stock is 0 'Strong Buy' (0.00%), 2 'Buy' (22.22%), 5 'Hold' (55.56%), 2 'Sell' (22.22%), and 0 'Strong Sell' (0.00%).

Consolidated Edison Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Shahriar PourrezaGuggenheim$99.00$98.430.58%6.95%
Oct 15, 2024Ryan LevineCitigroup$116.00$103.0412.58%25.31%
Sep 25, 2024David ArcaroMorgan Stanley$87.00$102.94-15.48%-6.02%
Aug 23, 2024David ArcaroMorgan Stanley$82.00$100.84-18.68%-11.42%
Aug 05, 2024Julien Dumoulin-SmithBank of America Securities$109.00$100.708.24%17.75%
Jul 22, 2024Nicholas CampanellaBarclays$92.00$94.04-2.17%-0.62%
Jul 19, 2024William AppicelliUBS$96.00$94.112.01%3.71%
May 28, 2024Anthony CrowdellMizuho Securities$95.00$94.430.60%2.63%
May 06, 2024Nicholas CampanellaBarclays$97.00$96.130.91%4.79%
Sep 05, 2023Anthony CrowdellMizuho Securities$89.00$86.403.01%-3.86%
Feb 02, 2023J.P. Morgan$87.00$95.54-8.94%-6.02%
Jan 10, 2023Wells Fargo$76.00$97.38-21.96%-17.90%
Jan 03, 2023UBS$75.00$95.02-21.07%-18.98%
Dec 15, 2022Morgan Stanley$58.00$96.98-40.19%-37.34%
Dec 15, 2022Morgan Stanley$78.00$97.31-19.84%-15.74%
Nov 11, 2022Morgan Stanley$54.00$88.58-39.04%-41.67%
Nov 11, 2022Morgan Stanley$73.00$89.70-18.62%-21.14%
Oct 03, 2022Mizuho Securities$91.00$85.766.11%-1.70%
Aug 23, 2022Morgan Stanley$69.00$99.48-30.64%-25.46%
Aug 23, 2022Morgan Stanley$84.00$99.41-15.50%-9.26%
Aug 08, 2022Credit Suisse$94.00$97.19-3.28%1.54%
Jul 21, 2022Morgan Stanley$62.00$90.33-31.36%-33.02%
Jul 21, 2022Morgan Stanley$77.00$90.64-15.05%-16.82%
Jul 01, 2022Morgan Stanley$76.00$96.36-21.13%-17.90%
Jun 27, 2022Mizuho Securities$99.00$92.936.53%6.95%
May 23, 2022Morgan Stanley$80.00$98.03-18.39%-13.58%
May 06, 2022Credit Suisse$95.00$93.391.72%2.63%
Apr 26, 2022Credit Suisse$100.00$96.054.11%8.03%
Apr 20, 2022Morgan Stanley$82.00$98.78-16.99%-11.42%
Jan 31, 2022Sarah AkersWells Fargo$87.00$86.450.64%-6.02%
Jan 13, 2022Sophie KarpKeyBanc$71.00$83.14-14.60%-23.30%
Dec 20, 2021Julien Dumoulin SmithBank of America Securities$72.00$83.24-13.50%-22.22%
Dec 08, 2021Ryan LevineCitigroup$84.00$80.754.02%-9.26%
Nov 30, 2021Eric BeaumontBarclays$71.00$76.90-7.67%-23.30%

The latest Consolidated Edison stock forecast, released on Nov 08, 2024 by Shahriar Pourreza from Guggenheim, set a price target of $99.00, which represents a 0.58% increase from the stock price at the time of the forecast ($98.43), and a 6.95% increase from ED last price ($92.57).

Consolidated Edison Price Target by Period

1M3M12M
# Anlaysts-19
Avg Price Target-$99.00$97.00
Last Closing Price$92.57$92.57$92.57
Upside/Downside-100.00%6.95%4.79%

In the current month, the average price target of Consolidated Edison stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Consolidated Edison's last price of $92.57. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 08, 2024GuggenheimNeutralNeutralHold
Oct 15, 2024CitigroupBuyUpgrade
Oct 09, 2024JefferiesHoldInitialise
Sep 25, 2024Morgan StanleyUnderweightUnderweightHold
Aug 23, 2024Morgan StanleyUnderweightUnderweightHold
Aug 20, 2024ScotiabankUnderperformUnderperformHold
Aug 05, 2024BarclaysUnderweightUnderweightHold
Aug 05, 2024Bank of America SecuritiesBuyBuyHold
Jul 22, 2024BarclaysEqual-WeightUnderweightDowngrade
May 28, 2024Morgan StanleyUnderweightUnderweightHold
May 06, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 06, 2023Bank of America SecuritiesNeutralNeutralHold
Jul 21, 2023Bank of America SecuritiesNeutralBuyUpgrade
Jun 23, 2023Morgan StanleyUnderweightUnderweightHold
Apr 03, 2023RBC CapitalSector PerformSector PerformHold
Feb 01, 2023Wells FargoOverweightEqual-WeightDowngrade
Jan 10, 2023Wells FargoOverweightOverweightHold
Dec 15, 2022Morgan StanleyUnderweightUnderweightHold
Nov 30, 2022Bank of America SecuritiesNeutralUpgrade
Nov 11, 2022Morgan StanleyUnderweightUnderweightHold
Sep 22, 2022Morgan StanleyUnderweightUnderweightHold
Aug 23, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 23, 2022Morgan StanleyUnderweightUnderweightHold
Aug 08, 2022Credit SuisseNeutralNeutralHold
Jul 21, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 01, 2022Morgan StanleyUnderweightUnderweightHold
May 23, 2022Morgan StanleyUnderweightUnderweightHold
May 23, 2022GuggenheimSellNeutralUpgrade
May 02, 2022Wells FargoEqual-WeightUnderweightDowngrade
Apr 25, 2022GuggenheimSellDowngrade
Jan 31, 2022Wells FargoEqual-WeightEqual-WeightHold

Consolidated Edison's last stock rating was published by Guggenheim on Nov 08, 2024. The company gave ED a "Neutral" rating, the same as its previous rate.

Consolidated Edison Financial Forecast

Consolidated Edison Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
Revenue--------------------$3.44B$3.87B$2.94B$4.40B$4.03B$4.17B$3.42B$4.06B$3.42B
Avg Forecast$3.87B$4.27B$3.38B$4.21B$3.84B$4.23B$3.35B$4.16B$3.79B$4.19B$3.32B$4.16B$4.11B$4.10B$3.30B$4.19B$3.68B$4.06B$3.18B$4.40B$3.70B$3.87B$3.31B$3.99B$2.97B$3.69B$3.12B$3.74B$2.76B
High Forecast$4.05B$4.47B$3.54B$4.40B$4.01B$4.43B$3.51B$4.35B$3.97B$4.38B$3.47B$4.36B$4.30B$4.30B$3.45B$4.25B$3.74B$4.07B$3.18B$4.40B$3.84B$4.09B$3.46B$4.18B$2.97B$3.69B$3.12B$3.74B$2.76B
Low Forecast$3.46B$3.82B$3.03B$3.77B$3.43B$3.79B$3.00B$3.72B$3.39B$3.75B$2.97B$3.73B$3.68B$3.68B$2.95B$4.14B$3.65B$4.06B$3.18B$4.40B$3.60B$3.53B$2.96B$3.58B$2.97B$3.69B$3.12B$3.74B$2.76B
# Analysts11112222111111135222452233334
Surprise %--------------------0.93%1.00%0.89%1.10%1.36%1.13%1.10%1.09%1.24%

Consolidated Edison's average Quarter revenue forecast for Mar 24 based on 2 analysts is $4.40B, with a low forecast of $4.40B, and a high forecast of $4.40B. ED's average Quarter revenue forecast represents a 27.74% increase compared to the company's last Quarter revenue of $3.44B (Dec 23).

Consolidated Edison EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts11112222111111135222452233334
EBITDA--------------------$1.15B$2.11B$1.24B$1.56B$1.06B$1.53B$1.04B$1.46B$976.00M
Avg Forecast$1.37B$1.52B$1.20B$1.50B$1.36B$1.50B$1.19B$1.48B$1.35B$1.49B$1.18B$1.48B$1.46B$1.46B$1.17B$1.49B$1.31B$1.44B$1.13B$1.85B$1.32B$1.38B$1.18B$1.69B$1.02B$1.27B$1.07B$1.53B$947.35M
High Forecast$1.44B$1.59B$1.26B$1.56B$1.43B$1.57B$1.25B$1.55B$1.41B$1.56B$1.23B$1.55B$1.53B$1.53B$1.23B$1.51B$1.33B$1.45B$1.13B$2.22B$1.37B$1.45B$1.23B$2.02B$1.22B$1.27B$1.07B$1.84B$947.35M
Low Forecast$1.23B$1.36B$1.08B$1.34B$1.22B$1.35B$1.07B$1.32B$1.21B$1.33B$1.05B$1.32B$1.31B$1.31B$1.05B$1.47B$1.30B$1.44B$1.13B$1.48B$1.28B$1.25B$1.05B$1.35B$813.41M$1.27B$1.07B$1.23B$947.35M
Surprise %--------------------0.87%1.53%1.06%0.93%1.04%1.20%0.97%0.96%1.03%

2 analysts predict ED's average Quarter EBITDA for Mar 24 to be $1.85B, with a high of $2.22B and a low of $1.48B. This is 61.08% upper than Consolidated Edison's previous annual EBITDA (Dec 23) of $1.15B.

Consolidated Edison Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts11112222111111135222452233334
Net Income--------------------$334.00M$526.00M$226.00M$1.43B$190.00M$613.00M$255.00M$602.00M$186.00M
Avg Forecast$538.52M$759.60M$279.74M$733.50M$634.02M$39.15M$869.63M$657.29M$466.48M$694.53M$202.21M$688.66M$385.96M$632.94M$241.47M$697.60M$329.93M$551.83M$197.84M$733.34M$337.81M$557.25M$211.00M$666.67M$233.36M$508.43M$203.44M$606.07M$298.98M
High Forecast$571.14M$805.61M$296.68M$777.93M$672.42M$41.52M$922.31M$697.10M$494.74M$736.61M$214.46M$730.38M$409.34M$671.28M$256.10M$710.01M$377.55M$569.14M$197.89M$880.01M$348.15M$621.81M$223.78M$800.01M$280.03M$508.43M$203.44M$727.28M$298.98M
Low Forecast$465.29M$656.30M$241.70M$633.75M$547.80M$33.83M$751.37M$567.90M$403.04M$600.08M$174.71M$595.00M$333.47M$546.86M$208.63M$675.90M$316.33M$534.52M$197.78M$586.67M$324.02M$458.71M$182.31M$533.34M$186.68M$508.43M$203.44M$484.85M$298.98M
Surprise %--------------------0.99%0.94%1.07%2.15%0.81%1.21%1.25%0.99%0.62%

Consolidated Edison's average Quarter net income forecast for Mar 24 is $733.34M, with a range of $586.67M to $880.01M. ED's average Quarter net income forecast represents a 119.56% increase compared to the company's last Quarter net income of $334.00M (Dec 23).

Consolidated Edison SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts11112222111111135222452233334
SG&A-----------------------------
Avg Forecast$789.09M$871.20M$690.12M$858.44M$782.69M$862.73M$684.55M$848.28M$773.40M$854.66M$676.44M$849.27M$839.05M$837.56M$672.71M$854.63M$751.01M$828.96M$648.80M$897.67M$755.62M$790.58M$674.81M$814.85M$722.60M$897.71M$757.29M$908.83M$670.82M
High Forecast$825.86M$911.80M$722.28M$898.44M$819.16M$902.93M$716.45M$887.81M$809.43M$894.48M$707.96M$888.85M$878.14M$876.58M$704.06M$866.31M$763.56M$829.85M$648.80M$897.67M$783.91M$834.39M$706.25M$852.82M$722.60M$897.71M$757.29M$908.83M$670.82M
Low Forecast$706.55M$780.07M$617.93M$768.64M$700.81M$772.48M$612.94M$759.54M$692.49M$765.25M$605.68M$760.43M$751.27M$749.94M$602.34M$844.90M$744.73M$828.07M$648.80M$897.67M$735.42M$719.62M$604.22M$729.61M$722.60M$897.71M$757.29M$908.83M$670.82M
Surprise %-----------------------------

Consolidated Edison's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to ED last annual SG&A of $NaN (undefined).

Consolidated Edison EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
# Analysts11112222111111135222452233334
EPS---------------------$1.52$0.65$4.06$0.53$1.73$0.72$1.70$0.53
Avg Forecast$1.55$2.19$0.81$2.11$1.82$0.11$2.50$1.89$1.34$2.00$0.58$1.98$1.11$1.82$0.69$2.01$0.95$1.59$0.57$1.90$0.97$1.60$0.61$1.57$0.80$1.46$0.59$1.48$0.86
High Forecast$1.64$2.32$0.85$2.24$1.94$0.12$2.65$2.01$1.42$2.12$0.62$2.10$1.18$1.93$0.74$2.04$1.09$1.64$0.57$1.90$1.00$1.79$0.64$1.64$0.80$1.46$0.59$1.51$0.86
Low Forecast$1.34$1.89$0.70$1.82$1.58$0.10$2.16$1.63$1.16$1.73$0.50$1.71$0.96$1.57$0.60$1.95$0.91$1.54$0.57$1.90$0.93$1.32$0.52$1.50$0.80$1.46$0.59$1.45$0.86
Surprise %---------------------0.95%1.07%2.59%0.66%1.18%1.23%1.15%0.62%

According to 4 Wall Street analysts, Consolidated Edison's projected average Quarter EPS for Dec 23 is $0.97, with a low estimate of $0.93 and a high estimate of $1.00. This represents a -36.05% decrease compared to ED previous annual EPS of $1.52 (Sep 23).

Consolidated Edison Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ETREntergy$79.24$140.2576.99%Buy
NEENextEra Energy$70.89$90.5027.66%Buy
FEFirstEnergy$39.67$47.6720.17%Hold
EXCExelon$39.57$46.0016.25%Buy
DUKDuke Energy$110.62$123.3311.49%Buy
EDConsolidated Edison$92.57$102.7511.00%Hold
DDominion Energy$55.10$58.606.35%Hold
AEPAmerican Electric Power$98.05$104.006.07%Hold
PNWPinnacle West Capital$85.90$90.675.55%Buy
SOSouthern$82.83$86.504.43%Hold

ED Forecast FAQ

Is Consolidated Edison a good buy?

No, according to 9 Wall Street analysts, Consolidated Edison (ED) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 22.22% of ED's total ratings.

What is ED's price target?

Consolidated Edison (ED) average price target is $102.75 with a range of $87 to $116, implying a 11.00% from its last price of $92.57. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Consolidated Edison stock go up soon?

According to Wall Street analysts' prediction for ED stock, the company can go up by 11.00% (from the last price of $92.57 to the average price target of $102.75), up by 25.31% based on the highest stock price target, and down by -6.02% based on the lowest stock price target.

Can Consolidated Edison stock reach $140?

ED's average twelve months analyst stock price target of $102.75 does not support the claim that Consolidated Edison can reach $140 in the near future.

What are Consolidated Edison's analysts' financial forecasts?

Consolidated Edison's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $15.58B (high $16.3B, low $13.95B), average EBITDA is $5.54B (high $5.79B, low $4.96B), average net income is $2.2B (high $2.33B, low $1.9B), average SG&A $3.18B (high $3.33B, low $2.85B), and average EPS is $6.33 (high $6.71, low $5.47). ED's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $15.73B (high $16.46B, low $14.08B), average EBITDA is $5.59B (high $5.85B, low $5B), average net income is $2.31B (high $2.45B, low $2B), average SG&A $3.21B (high $3.36B, low $2.87B), and average EPS is $6.65 (high $7.05, low $5.75).

Did the ED's actual financial results beat the analysts' financial forecasts?

Based on Consolidated Edison's last annual report (Dec 2023), the company's revenue was $14.66B, which missed the average analysts forecast of $14.88B by -1.45%. Apple's EBITDA was $5.1B, missing the average prediction of $5.55B by -8.10%. The company's net income was $2.52B, beating the average estimation of $1.77B by 42.10%. Apple's SG&A was $0, missing the average forecast of $3.04B by -100.00%. Lastly, the company's EPS was $7.25, beating the average prediction of $4.75 by 52.62%. In terms of the last quarterly report (Dec 2023), Consolidated Edison's revenue was $3.44B, missing the average analysts' forecast of $3.7B by -7.00%. The company's EBITDA was $1.15B, missing the average prediction of $1.32B by -12.55%. Consolidated Edison's net income was $334M, missing the average estimation of $337.81M by -1.13%. The company's SG&A was $0, missing the average forecast of $755.62M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $0.972 by -100.00%