Edison International (NYSE:EIX) Price Target Raised to $68.00

Key Points

• JPMorgan Chase & Co. has raised its price target for Edison International from $67.00 to $68.00, suggesting a potential upside of 23.43% from the current price.
• Overall, the average rating for Edison International is "Hold" with an average price target of $71.85, according to investment analysts.
• The company reported a net margin of 16.00% and earnings per share of $0.97 for the last quarter, exceeding analysts' expectations.

Edison International (NYSE:EIX - Get Free Report) had its price target lifted by analysts at JPMorgan Chase & Co. from $67.00 to $68.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 23.43% from the stock's current price.

A number of other analysts have also issued reports on EIX. Barclays boosted their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Morgan Stanley boosted their price objective on Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a research note on Thursday, September 18th. UBS Group decreased their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Finally, Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $71.85.

Edison International Stock Performance

Shares of EIX opened at $55.09 on Thursday. The firm has a market cap of $21.20 billion, a PE ratio of 8.09, a PEG ratio of 1.30 and a beta of 0.80. The stock's fifty day moving average price is $54.51 and its two-hundred day moving average price is $54.74. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the company posted $1.23 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Hedge Funds Weigh In On Edison International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its position in Edison International by 98.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after buying an additional 5,454 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new position in shares of Edison International in the 1st quarter worth about $1,151,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock worth $7,297,000 after purchasing an additional 71,159 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Edison International by 4,157.4% in the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after purchasing an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock worth $150,961,000 after purchasing an additional 145,358 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.

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