Edison International (NYSE:EIX) PT Raised to $75.00

Edison International (NYSE:EIX) had its price target lifted by equities research analysts at Barclays from $72.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 3.68% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group started coverage on shares of Edison International in a research note on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target for the company. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Mizuho dropped their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and upped their target price for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.10.

Edison International Stock Performance

EIX traded up $0.37 during trading on Thursday, hitting $72.34. The stock had a trading volume of 1,476,177 shares, compared to its average volume of 1,983,937. The firm has a market cap of $27.83 billion, a PE ratio of 31.73 and a beta of 0.95. Edison International has a 12 month low of $58.82 and a 12 month high of $74.40. The company has a current ratio of 1.00, a quick ratio of 0.73 and a debt-to-equity ratio of 2.04. The company has a 50 day simple moving average of $69.33 and a 200-day simple moving average of $67.89.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Analysts expect that Edison International will post 4.92 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EIX. Able Wealth Management LLC acquired a new position in Edison International during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new position in Edison International during the fourth quarter worth $27,000. Global Trust Asset Management LLC acquired a new position in Edison International during the first quarter worth $28,000. WASHINGTON TRUST Co boosted its holdings in Edison International by 117.4% during the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new position in Edison International during the fourth quarter worth $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Company Profile

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.