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Consolidated Edison (ED) Receives a Hold from Evercore ISI

Tipranks - Tipranks - Fri Mar 6, 7:34AM CST

Evercore ISI analyst Nicholas Amicucci maintained a Hold rating on Consolidated Edison today and set a price target of $117.00.

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Amicucci covers the Utilities sector, focusing on stocks such as Consolidated Edison, Dominion Energy, and NextEra Energy. According to TipRanks, Amicucci has an average return of 14.2% and a 65.45% success rate on recommended stocks.

In addition to Evercore ISI, Consolidated Edison also received a Hold from TipRanks – Anthropic’s Anthropic Regulated Electric in a report issued on February 26. However, yesterday, KeyBanc maintained a Sell rating on Consolidated Edison (NYSE: ED).

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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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