Morgan Stanley Lowers Edison International (NYSE:EIX) Price Target to $65.00

Key Points

• Morgan Stanley cut Edison International’s price target from $69 to $65 and maintained an “underweight” rating, implying about 9.6% downside from the prior close.
• Analyst sentiment remains mixed: Edison International has an average “Hold” rating and a consensus price target of $72.45, with three Buy, seven Hold, and three Sell ratings.
• The company beat quarterly EPS estimates ($1.54 versus $1.18) despite revenue declining 4.1% year over year; management issued fiscal 2026 EPS guidance of $5.90–$6.20.

Edison International (NYSE:EIX - Get Free Report) had its target price reduced by investment analysts at Morgan Stanley from $69.00 to $65.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the utilities provider's stock. Morgan Stanley's price objective would suggest a potential downside of 9.63% from the company's previous close.

EIX has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Barclays reissued an "equal weight" rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Mizuho upped their target price on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Truist Financial reduced their price target on Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $72.45.

Edison International Stock Performance

Shares of NYSE:EIX traded down $2.73 during trading on Friday, hitting $71.93. The stock had a trading volume of 810,812 shares, compared to its average volume of 3,012,083. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The stock has a market capitalization of $27.68 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 5.70 and a beta of 0.66. The stock has a 50-day simple moving average of $74.16 and a two-hundred day simple moving average of $71.98.

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

Institutional Investors Weigh In On Edison International

Institutional investors have recently added to or reduced their stakes in the stock. 10Elms LLP acquired a new stake in shares of Edison International in the fourth quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Edison International in the 2nd quarter worth about $26,000. Transamerica Financial Advisors LLC increased its stake in Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock worth $27,000 after buying an additional 281 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Edison International during the first quarter valued at approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 88.95% of the company's stock.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE's integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company's operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company's activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source