Credit Suisse Stick to Their Hold Rating for Consolidated Edison, Inc. By Investing.com

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Credit Suisse Stick to Their Hold Rating for Consolidated Edison, Inc.

Published Jan 19, 2021 11:25AM ET

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Credit Suisse (SIX:CSGN) analyst Michael Weinstein W. maintained a Hold rating on Consolidated Edison (NYSE:ED), Inc. on Tuesday, setting a price target of $78, which is approximately 12.07% above the present share price of $69.6.

Weinstein W. expects Consolidated Edison, Inc. to post earnings per share (EPS) of $1.47 for the first quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Sell rating of shares in Consolidated Edison, with an average price target of $79.5.
The analysts price targets range from a high of $83 to a low of $75.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.33 billion and a net profit of $860 million. The company's market cap is $23.31 billion.

According to TipRanks.com, Credit Suisse analyst Michael Weinstein W. is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 42.7% and a 64.89% 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.

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