Edison International (EIX) Receives $70.54 Average PT from Brokerages

Shares of Edison International (NYSE:EIX) have been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $70.54.

A number of analysts recently issued reports on EIX shares. Argus raised their price target on Edison International from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research restated a “buy” rating and issued a $76.00 price target on shares of Edison International in a research report on Tuesday, November 13th. SunTrust Banks lowered their price target on Edison International to $75.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. Citigroup upgraded Edison International from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $72.00 to $59.00 in a research report on Friday, November 16th. Finally, Mizuho upgraded Edison International from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $62.00 to $57.50 in a research report on Wednesday.

EIX traded down $0.34 during trading on Thursday, reaching $53.25. The company had a trading volume of 1,209,143 shares, compared to its average volume of 4,585,374. The company has a market cap of $17.35 billion, a PE ratio of 11.83, a P/E/G ratio of 2.17 and a beta of 0.01. Edison International has a 52 week low of $45.50 and a 52 week high of $81.96. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.02.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.25. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $3.47 billion. Edison International had a return on equity of 10.61% and a net margin of 4.47%. Edison International’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. As a group, research analysts anticipate that Edison International will post 4.14 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in EIX. Whittier Trust Co. of Nevada Inc. increased its stake in Edison International by 416.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 2,455 shares during the period. Perella Weinberg Partners Capital Management LP increased its stake in shares of Edison International by 103.1% during the second quarter. Perella Weinberg Partners Capital Management LP now owns 19,534 shares of the utilities provider’s stock valued at $1,236,000 after buying an additional 9,916 shares during the period. Murphy Capital Management Inc. increased its stake in shares of Edison International by 13.9% during the second quarter. Murphy Capital Management Inc. now owns 7,366 shares of the utilities provider’s stock valued at $466,000 after buying an additional 900 shares during the period. Palladium Partners LLC increased its stake in shares of Edison International by 9.5% during the second quarter. Palladium Partners LLC now owns 98,260 shares of the utilities provider’s stock valued at $6,217,000 after buying an additional 8,535 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Edison International during the second quarter valued at $241,000. Institutional investors and hedge funds own 81.93% of the company’s stock.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Analyst Recommendations for Edison International (NYSE:EIX)

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