Do Analysts See Any Upside to Consolidated Edison Inc (NYSE:ED) Shares?

During the past trading session, shares of Consolidated Edison Inc (NYSE:ED) traded -2.12%. Covering analysts are predicting the stock to move to $73.54 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters. 

Analysts and investors may use different metrics in order to calculate a price target projection. A very common metric used is the price to earnins ratio of a company. This calculation comes from dividing the current share price by the projected earnings per share. At the time of writing, Consolidated Edison, Inc. Commo has a P/E Ratio of 17.52. Investors may also examine a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A company with a PEG Ratio below one may be seen as undervalued while a PEG Ratio above one may signal that the company is overvalued. A PEG Ratio close to one may be considered to be fair value. Currently, the stock has a PEG Ratio of 8.38.

Let’s take a quick look at stock performance. Shares are currently trading $-1.27 away from the 50-day moving average of $72.38 and $-4.50 away from the 200-day moving average of $75.61. Shares are currently trading -13.15% away from the 52-week high price of 81.88 and +17.93% off the 52-week low of 60.30. Keeping an eye on the stock price relative to moving averages and yearly highs/lows may help evaluate future stock value.