Consolidated Edison, Inc., commonly known as ConEd, is a utility holding company that operates in the northeastern United States.
The company has a market capitalization of over $25 billion, making it one of the largest utility companies in the country.
ConEd's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol ED.
The company has a long history of providing reliable and efficient energy services to its customers.
Valuation Measures
When looking at Coned stock, one of the key factors to consider is its valuation. The market capitalization of Coned is a staggering 35.21 billion dollars.
The enterprise value, which includes debt and cash, is even higher at 60.80 billion dollars. This gives us a sense of the company's overall value, taking into account its financial obligations.
The trailing price-to-earnings (P/E) ratio is 17.75, which means that investors are paying 17.75 dollars for every dollar of earnings. This can be a useful metric for comparing the stock's value to its past performance.
The forward P/E ratio is slightly lower at 16.26, indicating that investors are expecting the company to perform better in the future. The price-to-earnings growth (PEG) ratio is 3.25, which is a bit higher than the industry average.
Here's a summary of the key valuation metrics for Coned stock:
These metrics can help you get a better sense of Coned's value and whether it's a good investment opportunity.
Frequently Asked Questions
Is consolidated Edison a good stock to buy?
Consolidated Edison has a mixed analyst consensus with 2 buy and 5 hold ratings, suggesting a neutral stance. However, with an average price target of $101.44, investors may want to consider this stock for potential long-term growth.
What is the annual return of Ed stock?
The annual return of ED stock is 4.31% over the past 12 months. This translates to a 5-year total return of 19.37%.
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