Several brokerages have updated their recommendations and price targets on shares of Edison International (NYSE: EIX) in the last few weeks:

  • 8/10/2017 – Edison International had its price target raised by analysts at Morgan Stanley from $86.00 to $90.00. They now have an “equal weight” rating on the stock.
  • 8/4/2017 – Edison International was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/30/2017 – Edison International had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $85.00 price target on the stock.
  • 7/24/2017 – Edison International had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $84.00 price target on the stock, down previously from $85.00.
  • 7/14/2017 – Edison International had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 7/11/2017 – Edison International had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/7/2017 – Edison International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Edison International’s share price outperformed the Zacks categorized Utility–Electric power industry price in the last one year backed by its focus on transmission and distribution infrastructural development programs, and expansion of operations. Its SCE unit targets an average annual rate base and earnings growth of 7% through 2017 driven by infrastructural investment. However, its performance is subject to approvals from regulatory bodies like California Public Utilities Commission and Federal Energy Regulatory Commission. Any adverse decision on a General Rate Case might greatly affect the utility's earnings growth, moving forward.”
  • 7/6/2017 – Edison International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Edison International’s share price outperformed the Zacks categorized Utility–Electric power industry price in the last one year backed by its focus on transmission and distribution infrastructural development programs, and expansion of operations. Its SCE unit targets an average annual rate base and earnings growth of 7% through 2017 driven by infrastructural investment. However, its performance is subject to approvals from regulatory bodies like California Public Utilities Commission and Federal Energy Regulatory Commission. Any adverse decision on a General Rate Case might greatly affect the utility's earnings growth, moving forward.”
  • 6/25/2017 – Edison International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/19/2017 – Edison International was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/13/2017 – Edison International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Edison International (NYSE EIX) traded up 0.28% during midday trading on Thursday, reaching $79.67. 1,118,322 shares of the company’s stock were exchanged. The company has a market cap of $25.96 billion, a P/E ratio of 18.84 and a beta of 0.22. Edison International has a 12 month low of $67.44 and a 12 month high of $82.82. The company has a 50 day moving average price of $78.48 and a 200 day moving average price of $78.60.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.92 billion. Edison International had a return on equity of 10.58% and a net margin of 12.64%. Edison International’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities analysts anticipate that Edison International will post $4.24 EPS for the current year.

In other news, insider Gaddi H. Vasquez sold 2,500 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $81.30, for a total transaction of $203,250.00. Following the sale, the insider now directly owns 4,550 shares of the company’s stock, valued at approximately $369,915. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $78.85, for a total value of $2,052,859.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,035 shares of company stock worth $2,460,285. 0.41% of the stock is currently owned by insiders.

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with Analyst Ratings Network's FREE daily email newsletter.