Edison International (NYSE:EIX) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Edison International’s price target from $61 to $59 while maintaining a neutral rating, implying approximately 6.15% upside from the prior close.
• Analyst sentiment remains cautious: MarketBeat reports a consensus rating of “Reduce” and an average price target of $60.18, with one Buy, nine Hold, and four Sell ratings.
• Edison shares rose 0.5% to $55.58, but remain well below their 12-month high of $81.62; institutional investors and hedge funds own approximately 88.95% of the stock.

Edison International (NYSE:EIX - Get Free Report) had its price target cut by stock analysts at JPMorgan Chase & Co. from $61.00 to $59.00 in a report issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 6.15% from the company's previous close.

Several other equities research analysts also recently issued reports on EIX. Jefferies Financial Group restated an "underperform" rating and issued a $42.00 price target (down from $53.00) on shares of Edison International in a report on Friday, October 2nd. Barclays dropped their price target on Edison International from $75.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday. Argus reiterated a "hold" rating on shares of Edison International in a report on Wednesday, August 26th. Weiss Ratings lowered Edison International from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, September 10th. Finally, Truist Financial set a $62.00 target price on Edison International in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $60.18.

Edison International Trading Up 0.5%

Shares of NYSE EIX traded up $0.28 during midday trading on Monday, reaching $55.58. 1,049,818 shares of the stock were exchanged, compared to its average volume of 3,612,462. The business has a 50-day simple moving average of $61.56 and a two-hundred day simple moving average of $68.84. The company has a market capitalization of $21.39 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 2.23 and a beta of 0.62. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts expect that Edison International will post 6.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new stake in Edison International in the 2nd quarter valued at about $26,000. Groupe la Francaise acquired a new position in shares of Edison International during the 1st quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International during the 2nd quarter worth approximately $30,000. Bell Investment Advisors Inc bought a new stake in Edison International in the 2nd quarter valued at $31,000. Finally, Quantbot Technologies LP bought a new stake in Edison International in the 2nd quarter valued at $41,000. 88.95% of the stock is owned by institutional investors and hedge funds.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International's history is rooted in Southern California Edison, which traces its origins to the late 19th century.

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