Edison International (NYSE:EIX - Get Free Report) received a $52.00 price target from investment analysts at Morgan Stanley in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has an "underweight" rating on the utilities provider's stock. Morgan Stanley's price objective would indicate a potential downside of 7.42% from the company's current price.
A number of other equities research analysts also recently issued reports on EIX. Mizuho reduced their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Barclays boosted their price target on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday. Finally, Evercore ISI restated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $76.89.
View Our Latest Analysis on EIX
Edison International Price Performance
Shares of EIX stock opened at $56.17 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm's 50-day moving average is $56.85 and its two-hundred day moving average is $64.63. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market capitalization of $21.61 billion, a PE ratio of 16.47, 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.13 EPS. Analysts predict that Edison International will post 4.95 earnings per share for the current year.
Institutional Investors Weigh In On Edison International
A number of large investors have recently modified their holdings of EIX. Barclays PLC increased its position in shares of Edison International by 16.9% in the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider's stock valued at $79,991,000 after purchasing an additional 132,749 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Edison International by 119.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 30,014 shares of the utilities provider's stock valued at $2,396,000 after purchasing an additional 16,362 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Edison International by 10.8% in the 4th quarter. Park Avenue Securities LLC now owns 3,004 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 294 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Edison International by 9.3% in the 4th quarter. HB Wealth Management LLC now owns 5,190 shares of the utilities provider's stock valued at $414,000 after buying an additional 443 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Edison International by 18.6% in the 4th quarter. Ballentine Partners LLC now owns 2,733 shares of the utilities provider's stock valued at $218,000 after buying an additional 428 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.
Edison International Company Profile
(
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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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