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TD Cowen Reaffirms Their Hold Rating on Consolidated Edison (ED)

Tipranks - Tipranks - Wed Feb 25, 7:00AM CST

In a report released yesterday, Shelby Tucker from TD Cowen reiterated a Hold rating on Consolidated Edison, with a price target of $112.00. The company’s shares closed yesterday at $112.14.

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According to TipRanks, Tucker is a 5-star analyst with an average return of 10.0% and a 68.54% success rate. Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Eversource Energy, and Southern Co.

Consolidated Edison has an analyst consensus of Hold, with a price target consensus of $107.08, representing a -4.51% downside. In a report released on February 20, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $121.00 price target.

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Based on Consolidated Edison’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4 billion and a net profit of $297 million. In comparison, last year the company earned a revenue of $3.67 billion and had a net profit of $310 million

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