Edison International (NYSE:EIX) was upgraded by stock analysts at Mizuho from a “neutral” rating to a “buy” rating in a report released on Wednesday, The Fly reports.

EIX has been the topic of several other research reports. Morgan Stanley reiterated a “hold” rating on shares of Edison International in a research note on Monday, August 27th. ValuEngine lowered Edison International from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Bank of America lowered Edison International from a “buy” rating to a “neutral” rating and lifted their target price for the company from $72.00 to $75.00 in a research note on Thursday, October 11th. Argus lifted their target price on Edison International from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research reiterated a “buy” rating and issued a $76.00 target price on shares of Edison International in a research note on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.54.

EIX opened at $52.78 on Wednesday. Edison International has a 1 year low of $45.50 and a 1 year high of $81.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.19 and a beta of 0.01.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 30th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.25. Edison International had a return on equity of 10.61% and a net margin of 4.47%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts predict that Edison International will post 4.14 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC acquired a new position in shares of Edison International in the 3rd quarter valued at $129,000. Virtus ETF Advisers LLC lifted its stake in shares of Edison International by 696.8% in the 3rd quarter. Virtus ETF Advisers LLC now owns 2,000 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 1,749 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of Edison International by 94.2% in the 3rd quarter. Gradient Investments LLC now owns 2,039 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 989 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new position in shares of Edison International in the 3rd quarter valued at $155,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Edison International by 416.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 2,455 shares during the last quarter. 81.93% of the stock is currently owned by institutional investors.

About Edison International

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Analyst Recommendations for Edison International (NYSE:EIX)

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