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Consolidated Edison (ED) stock forecast for 2024
Updated: May 4, 2024 (04:36)
Sector: UtilitiesThe share price of Consolidated Edison, Inc. (ED) now
50/200 Day Moving Average: $89.87 / $90.04
This figure corresponds to the Average Price over the previous 50/200 days. For Consolidated Edison stocks, the 50-day moving average is the resistance level today.
For Consolidated Edison stocks, the 200-day moving average is the resistance level today.
Are you interested in Consolidated Edison, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Consolidated Edison stock price in 2024. How much will one Consolidated Edison share be worth in 2024? Is it worth taking profit / loss on ED stock now or waiting? What are analysts' forecasts for Consolidated Edison stock?
We forecast Consolidated Edison stock performance using neural networks based on historical data on ED stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Consolidated Edison, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Consolidated Edison analysts is $89.18. Today 200 Day Moving Average is the support level (90.04 $). 50 Day Moving Average is the support level (89.87 $).
Historical and forecast chart of Consolidated Edison, Inc. stock
The chart below shows the historical price of Consolidated Edison stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the ED stock price can be found in the table below.
Consolidated Edison, Inc. acts as a holding company, which through its subsidiaries deals with the regulated supply of electricity, gas and steam. The company operates in the following segments: Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. and Con Edison Transmission, Inc .. Consolidated segment Edison Co. in New York City includes regulated electric, gas and steam utilities. The Orange & Rockland Utilities segment covers regulated electricity and gas supply companies. Segment Con Edison Clean Energy Businesses, Inc. develops, owns and manages renewable energy and energy infrastructure projects, and provides energy-related products and services to wholesale and retail clients. Segment Con Edison Transmission, Inc. invests in projects for the transmission of electricity and gas. The company was founded in 1823 and is headquartered in New York, New York.
Consolidated Edison (ED) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jun | 96.50 | 92.93 | 99.83 | 6.91 % |
| Jul | 100.70 | 97.62 | 104.17 | 6.28 % |
| Aug | 99.99 | 97.54 | 102.64 | 4.97 % |
| Sep | 101.99 | 100.77 | 105.26 | 4.26 % |
| Oct | 103.32 | 99.39 | 105.02 | 5.36 % |
| Nov | 106.31 | 103.60 | 108.33 | 4.37 % |
| Dec | 109.61 | 107.20 | 112.90 | 5.05 % |
Consolidated Edison information and performance
4 IRVING PLACE, NEW YORK, NY, US
Market capitalization of the Consolidated Edison, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of ED shares in the company outstanding by the market price of one share.
EBITDA of Consolidated Edison is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Consolidated Edison price target for 2024 by month
Target values for the price of one Consolidated Edison share for Jun 2024.
In Jun, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 6.912% volatility is expected.
Pessimistic target level: 92.93
Optimistic target level: 99.83
Target values for the price of one Consolidated Edison share for Jul 2024.
In Jul, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 6.283% volatility is expected.
Pessimistic target level: 97.62
Optimistic target level: 104.17
Target values for the price of one Consolidated Edison share for Aug 2024.
In Aug, the Negative dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 4.968% volatility is expected.
Pessimistic target level: 97.54
Optimistic target level: 102.64
Target values for the price of one Consolidated Edison share for Sep 2024.
In Sep, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 4.264% volatility is expected.
Pessimistic target level: 100.77
Optimistic target level: 105.26
Target values for the price of one Consolidated Edison share for Oct 2024.
In Oct, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 5.362% volatility is expected.
Pessimistic target level: 99.39
Optimistic target level: 105.02
Target values for the price of one Consolidated Edison share for Nov 2024.
In Nov, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 4.367% volatility is expected.
Pessimistic target level: 103.60
Optimistic target level: 108.33
Target values for the price of one Consolidated Edison share for Dec 2024.
In Dec, the Positive dynamics for Consolidated Edison, Inc. shares will prevail with possible monthly volatility of 5.049% volatility is expected.
Pessimistic target level: 107.20
Optimistic target level: 112.90
Consolidated Edison (ED) stock dividend
Consolidated Edison last paid dividends on 05/14/2024. The next scheduled payment will be on 06/14/2024. The amount of dividends is $3.24 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
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