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Barclays Sticks to Its Sell Rating for Consolidated Edison (ED)

Tipranks - Tipranks - Mon May 11, 8:44PM CDT

In a report released on May 8, Nicholas Campanella from Barclays maintained a Sell rating on Consolidated Edison, with a price target of $107.00. The company’s shares closed last Friday at $106.31.

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According to TipRanks, Campanella is a 5-star analyst with an average return of 11.5% and a 67.26% success rate. Campanella covers the Utilities sector, focusing on stocks such as Edison International, Constellation Energy Corporation, and CMS Energy.

In addition to Barclays, Consolidated Edison also received a Sell from KeyBanc’s Sophie Karp in a report issued on May 8. However, on the same day, Evercore ISI maintained a Hold rating on Consolidated Edison (NYSE: ED).

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Based on Consolidated Edison’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.1 billion and a net profit of $924 million. In comparison, last year the company earned a revenue of $4.8 billion and had a net profit of $791 million

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