Edison International (NYSE:EIX) Given Average Recommendation of "Moderate Buy" by Brokerages

Edison International (NYSE:EIX - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $76.89.

A number of research analysts have recently issued reports on EIX shares. Morgan Stanley set a $52.00 price target on shares of Edison International and gave the stock an "underweight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reduced their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Finally, Barclays raised their price target on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st.

Edison International Trading Up 1.3%

Shares of EIX stock traded up $0.73 during mid-day trading on Friday, reaching $55.84. The company's stock had a trading volume of 2,274,790 shares, compared to its average volume of 3,045,419. The company's 50 day simple moving average is $56.61 and its 200-day simple moving average is $63.74. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $21.49 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. The business had revenue of $3.81 billion during 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 business's revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. On average, research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Edison International

Several hedge funds have recently made changes to their positions in the business. Intrua Financial LLC acquired a new position in shares of Edison International in the 1st quarter worth approximately $281,000. Geneos Wealth Management Inc. increased its position in shares of Edison International by 16.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,402 shares of the utilities provider's stock worth $142,000 after acquiring an additional 340 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Edison International by 1,046.4% in the first quarter. Intech Investment Management LLC now owns 253,193 shares of the utilities provider's stock worth $14,918,000 after acquiring an additional 231,108 shares in the last quarter. Focus Partners Wealth increased its position in shares of Edison International by 19.3% in the first quarter. Focus Partners Wealth now owns 105,695 shares of the utilities provider's stock worth $6,228,000 after acquiring an additional 17,066 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in shares of Edison International in the first quarter worth approximately $255,000. Institutional investors and hedge funds own 88.95% of the company's stock.

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.