Edison International (NYSE:EIX) Sets New 1-Year Low - Time to Sell?

Edison International (NYSE:EIX - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $48.38 and last traded at $49.43, with a volume of 10206171 shares traded. The stock had previously closed at $53.76.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley set a $52.00 price objective on Edison International and gave the company an "underweight" rating in a research note on Thursday, May 22nd. Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group reduced their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.89.

Edison International Trading Up 2.0%

The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.07 and a beta of 0.78. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The firm has a fifty day moving average of $56.01 and a 200-day moving average of $61.96.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. As a group, equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Institutional Trading of Edison International

Several institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its stake in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Edison International in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV boosted its position in shares of Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after buying an additional 265 shares during the period. Sierra Ocean LLC bought a new position in shares of Edison International in the fourth quarter worth $33,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Edison International during the fourth quarter valued at $34,000. 88.95% of the stock is owned by institutional investors and hedge funds.

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.