Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Sell rating on Consolidated Edison (NYSE:ED), Inc. on Thursday, setting a price target of $71, which is approximately 1.29% below the present share price of $71.93.
Byrd expects Consolidated Edison, Inc. to post earnings per share (EPS) of $1.13 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Consolidated Edison, with an average price target of $80.06.
The analysts price targets range from a high of $93 to a low of $73.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.23 billion and a net profit of $808 million. The company's market cap is $24.43 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.8% and a 55.12% 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.