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Consolidated Edison (ED) Initiated with a Hold at RBC Capital

Tipranks - Tipranks - Thu Jan 8, 6:08AM CST

In a report released yesterday, Stephen D’Ambrisi from RBC Capital initiated coverage with a Hold rating on Consolidated Edison and a price target of $114.00. The company’s shares closed yesterday at $99.32.

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D’Ambrisi covers the Utilities sector, focusing on stocks such as OGE Energy, Southern Co, and Xcel Energy. According to TipRanks, D’Ambrisi has an average return of -0.2% and a 40.00% success rate on recommended stocks.

Consolidated Edison has an analyst consensus of Moderate Sell, with a price target consensus of $100.70.

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Based on Consolidated Edison’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.53 billion and a net profit of $688 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $588 million

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