Trade-Ideas: Consolidated Edison (ED) Is Today's New Lifetime High Stock

Trade-Ideas LLC identified Consolidated Edison (ED) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Consolidated Edison

(

ED

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Consolidated Edison as such a stock due to the following factors:

  • ED has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $199.0 million.
  • ED has traded 1,678 shares today.
  • ED is trading at a new lifetime high.

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More details on ED:

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The stock currently has a dividend yield of 3.4%. ED has a PE ratio of 21. Currently there are no analysts that rate Consolidated Edison a buy, 3 analysts rate it a sell, and 7 rate it a hold.

The average volume for Consolidated Edison has been 2.2 million shares per day over the past 30 days. Consolidated Edison has a market cap of $23.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.12 and a short float of 3.9% with 4.62 days to cover. Shares are up 23% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Consolidated Edison as a

buy

. Among the primary strengths of the company is its solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, ED's share price has jumped by 32.35%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ED should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • ED, with its decline in revenue, slightly underperformed the industry average of 9.6%. Since the same quarter one year prior, revenues fell by 12.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • CONSOLIDATED EDISON INC's earnings per share declined by 16.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CONSOLIDATED EDISON INC increased its bottom line by earning $4.06 versus $3.71 in the prior year. For the next year, the market is expecting a contraction of 1.7% in earnings ($3.99 versus $4.06).
  • The gross profit margin for CONSOLIDATED EDISON INC is currently lower than what is desirable, coming in at 29.75%. Regardless of ED's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 9.82% trails the industry average.
  • Net operating cash flow has declined marginally to $524.00 million or 6.26% when compared to the same quarter last year. Despite a decrease in cash flow of 6.26%, CONSOLIDATED EDISON INC is in line with the industry average cash flow growth rate of -6.90%.

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