Edison International (NYSE:EIX) had its target price boosted by stock analysts at Morgan Stanley from $69.00 to $72.00 in a research note issued on Monday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 13.49% from the stock’s previous close.
Several other equities research analysts also recently commented on the stock. JPMorgan Chase upped their price target on shares of Edison International from $64.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, April 10th. Edward Jones upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. SunTrust Banks set a $72.00 price target on shares of Edison International and gave the company a “buy” rating in a research report on Monday, March 19th. Royal Bank of Canada restated a “buy” rating and issued a $70.00 price target on shares of Edison International in a research report on Wednesday, March 14th. Finally, Zacks Investment Research upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $77.00.
EIX stock opened at $63.44 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.84. The company has a market cap of $20,669.46, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.78 and a beta of 0.13. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38.
Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.17. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.98 billion. Edison International had a net margin of 5.59% and a return on equity of 10.86%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. equities analysts predict that Edison International will post 4.12 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of EIX. Maple Brown Abbott Ltd bought a new stake in Edison International in the 4th quarter valued at $1,192,752,000. BlackRock Inc. lifted its holdings in Edison International by 7.4% during the 4th quarter. BlackRock Inc. now owns 26,746,136 shares of the utilities provider’s stock valued at $1,691,424,000 after purchasing an additional 1,832,822 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its holdings in Edison International by 170.6% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,143,455 shares of the utilities provider’s stock valued at $135,552,000 after purchasing an additional 1,351,336 shares during the last quarter. Zimmer Partners LP lifted its holdings in Edison International by 211.9% during the 4th quarter. Zimmer Partners LP now owns 1,871,200 shares of the utilities provider’s stock valued at $118,335,000 after purchasing an additional 1,271,200 shares during the last quarter. Finally, Global Thematic Partners LLC lifted its holdings in Edison International by 63.2% during the 4th quarter. Global Thematic Partners LLC now owns 1,341,003 shares of the utilities provider’s stock valued at $84,806,000 after purchasing an additional 519,414 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
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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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