Consolidated Edison, Inc.’s (NYSE:ED) Price Is Out Of Tune With Earnings
It’s not a stretch to say that Consolidated Edison, Inc.’s (NYSE:ED) price-to-earnings (or “P/E”) ratio of 18.7x right now seems quite “middle-of-the-road” compared to the market in the United States, where the median P/E ratio is around 18x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Consolidated Edison’s earnings growth of late has been pretty similar to most other companies. It seems that many are expecting the mediocre earnings performance to persist, which has held the P/E back. If this is the case, then…
