Consolidated Edison Inc
ED: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$99.00 | Wqnc | Zcxpczp |
ConEd Overflowing With Growth Opportunities but Awaiting New York Regulatory Outcome
We are reaffirming our $86 per share fair value estimate for ConEd after the company reported earning $1.63 per share on an adjusted basis in the third quarter and year-to-date results that are on track to meet our full-year forecast and management's $4.50-$4.60 guidance range. We are reaffirming our no-moat and stable moat trend ratings.