Barclays (LON:BARC) analyst Eric Beaumont maintained a Sell rating on Consolidated Edison (NYSE:ED), Inc. on Friday, setting a price target of $71, which is approximately 11.83% below the present share price of $80.53.
Beaumont expects Consolidated Edison, Inc. to post earnings per share (EPS) of $1.52 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Sell rating of shares in Consolidated Edison, with an average price target of $70.
The analysts price targets range from a high of $75 to a low of $65.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.61 billion and a net profit of $850 million. The company's market cap is $28.49 billion.
According to TipRanks.com, Barclays analyst Eric Beaumont is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.3% and a 58.82% success rate.
Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.