Barclays analyst Nicholas Campanella has revised the price target for Consolidated Edison (ED, Financial), increasing it to $100 from a previous target of $95. Despite this adjustment, the firm maintains an Underweight rating on the stock.
This update comes as Barclays modifies its utilities and power sector models ahead of the first-quarter earnings season. These changes are designed to better align with current macroeconomic conditions and an evolving perspective on U.S. utility tariffs.
The utilities sector, with its traditionally defensive nature, is anticipated to continue experiencing a re-rating on an absolute basis, according to Campanella's insights shared in a recent research note.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Consolidated Edison Inc (ED, Financial) is $103.43 with a high estimate of $122.00 and a low estimate of $91.00. The average target implies an downside of 6.78% from the current price of $110.96. More detailed estimate data can be found on the Consolidated Edison Inc (ED) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Consolidated Edison Inc's (ED, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Consolidated Edison Inc (ED, Financial) in one year is $101.88, suggesting a downside of 8.18% from the current price of $110.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Consolidated Edison Inc (ED) Summary page.
