Wall Street analysts express optimism regarding Consolidated Edison's stock performance?
Consolidated Edison, Inc. (ED), the New York-based company engaged in the regulated electric, gas, and steam delivery businesses, has reported a strong Q2 performance, with adjusted EPS of $0.67, surpassing Wall Street expectations of $0.66 [1]. However, the overall outlook for ED's stock is broadly neutral to cautious, according to analyst consensus ratings primarily at "Hold" and modest upside price targets.
Among about a dozen analysts, there are mostly Hold ratings, with a few Buy and Sell opinions. Recent data shows 3 analysts rating it Buy, 6 Hold, and 3 Sell, which supports the overall "Hold" consensus [1][3][5]. Individual targets range from a low of $88 to a high of $120, with an average near $104.5 to $105.8, reflecting modest upside potential [1][3].
The stock faces a weak technical outlook, with scores around 4.05–4.07 (on an unspecified scale) and mixed technical signals such as bearish and bullish candlestick patterns, indicating short-term uncertainty and potential volatility [2][4]. Concerns include elevated debt leverage (~32.8%) and a high EV/EBIT ratio (~98), signaling valuation and financial strain [2][4].
Recent price movement shows the stock has made modest gains recently (+0.65%) but also some declines (-2.85%) in line with analyst caution and mixed money flow trends [2][4]. The market capitalization of ED is $37.6 billion.
Investors should be aware of these mixed technical signals and financial leverage risks that could cause short-term volatility. The current outlook suggests that ED's stock is expected to perform in line with the market but without strong bullish momentum.
On Aug. 8, Mizuho Financial Group, Inc. (MFG) kept an "Outperform" rating on ED and raised the price target to $112 [6]. The new price target from MFG implies a potential upside of 8% from current levels.
In the broader context, utilities sector institutional interest remains present but uneven. Broader sector shifts and infrastructure investment themes may indirectly influence investor sentiment toward ED [4].
Over the past year, ED has gained 1.7%, while the S&P 500 Index ($SPX) has rallied nearly 20.6%. In 2025, ED's stock rose 16.2%, surpassing the SPX's 9.6% rise on a YTD basis [7].
For more information, please view the Disclosure Policy here. On the date of publication, Neha Panjwani did not have positions in any of the securities mentioned in this article.
[1] Source: Refinitiv [2] Source: FactSet [3] Source: Bloomberg [4] Source: Goldman Sachs [5] Source: JPMorgan Chase [6] Source: Mizuho Financial Group, Inc. [7] Source: Yahoo Finance
Investors should consider the neutral to cautious outlook for Consolidated Edison, Inc. (ED), as most analysts maintain Hold ratings and have modest upside price targets. However, the stock's technical outlook is weak, and concerns about financial leverage risks might cause short-term volatility.
Although Mizuho Financial Group, Inc. (MFG) has an "Outperform" rating on ED and raised the price target to $112, this possible upside might not compensate for the potential risks and short-term uncertainty.
