Brokerages Set Edison International (NYSE:EIX) PT at $75.00

Edison International (NYSE:EIX) has been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the stock, reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $75.00.

Several research firms have recently commented on EIX. Morgan Stanley lifted their target price on Edison International from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada upped their price target on Edison International to $79.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. They noted that the move was a valuation call. Citigroup reiterated a “buy” rating and issued a $81.00 price target (up previously from $78.00) on shares of Edison International in a report on Wednesday, September 18th. TheStreet lowered Edison International from a “b-” rating to a “c” rating in a research report on Tuesday, November 26th. Finally, SunTrust Banks set a $83.00 price objective on Edison International and gave the stock a “buy” rating in a report on Friday, October 25th.

Several large investors have recently bought and sold shares of the company. Coastal Investment Advisors Inc. bought a new position in Edison International during the 2nd quarter worth approximately $32,000. Trust Co. of Vermont grew its stake in Edison International by 101.2% in the second quarter. Trust Co. of Vermont now owns 497 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 250 shares during the period. River & Mercantile Asset Management LLP bought a new stake in shares of Edison International in the second quarter worth about $34,000. Sandy Spring Bank increased its holdings in shares of Edison International by 220.9% in the second quarter. Sandy Spring Bank now owns 552 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 380 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of Edison International during the third quarter worth about $47,000. Institutional investors and hedge funds own 86.70% of the company’s stock.

Shares of EIX traded up $0.15 during mid-day trading on Monday, hitting $71.15. 66,399 shares of the company traded hands, compared to its average volume of 2,604,747. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.77 and a beta of 0.08. The business has a 50-day moving average of $68.56 and a 200 day moving average of $68.92. Edison International has a one year low of $53.40 and a one year high of $76.45.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.03). Edison International had a positive return on equity of 11.98% and a negative net margin of 1.60%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the firm earned $1.57 EPS. As a group, analysts anticipate that Edison International will post 4.74 earnings per share for the current year.

Edison International Company Profile

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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