In recent trading, shares of
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There are 6 different analyst targets contributing to that average for Consolidated
But the whole reason to look at the average ED price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ED crossing above that average target price of $75.17/share, investors in ED have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $75.17 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Consolidated Edison Inc:
Recent ED Analyst Ratings Breakdown | ||||
---|---|---|---|---|
Current | 1 Month Ago | 2 Month Ago | 3 Month Ago | |
Strong buy ratings: | 1 | 0 | 0 | 0 |
Buy ratings: | 0 | 0 | 0 | 0 |
Hold ratings: | 5 | 7 | 7 | 7 |
Sell ratings: | 0 | 1 | 1 | 1 |
Strong sell ratings: | 2 | 2 | 2 | 2 |
Average rating: | 3.16 | 3.43 | 3.43 | 3.43 |
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The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on ED — FREE.
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