Edison International (NYSE:EIX) had its price target decreased by analysts at Deutsche Bank to $78.00 in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the utilities provider’s stock. Deutsche Bank’s price target would indicate a potential upside of 11.43% from the company’s current price.

Several other research analysts also recently commented on EIX. Mizuho downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Wednesday. Jefferies Group upgraded Edison International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $90.00 in a report on Friday, August 11th. Morgan Stanley raised their price objective on Edison International from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. SunTrust Banks restated a “buy” rating and set a $89.00 price objective on shares of Edison International in a report on Monday, October 2nd. Finally, BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of Edison International in a report on Thursday, August 17th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.85.

Edison International (NYSE:EIX) traded down $10.26 on Wednesday, reaching $70.00. The company’s stock had a trading volume of 17,108,600 shares, compared to its average volume of 1,740,767. The stock has a market cap of $26,149.61, a P/E ratio of 18.28, a P/E/G ratio of 2.91 and a beta of 0.23. Edison International has a one year low of $68.76 and a one year high of $83.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47.

Edison International (NYSE:EIX) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.53 billion. Edison International had a return on equity of 10.84% and a net margin of 13.18%. Edison International’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. equities analysts anticipate that Edison International will post 4.33 EPS for the current year.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the sale, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of EIX. Amica Retiree Medical Trust acquired a new stake in shares of Edison International in the 3rd quarter worth $138,000. Sun Life Financial INC boosted its position in shares of Edison International by 16,935.7% in the 2nd quarter. Sun Life Financial INC now owns 2,385 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 2,371 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Edison International by 139.7% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,630 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 1,533 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Edison International in the 2nd quarter worth $204,000. Finally, Shelton Capital Management acquired a new stake in shares of Edison International in the 2nd quarter worth $206,000. 81.36% of the stock is owned by hedge funds and other institutional investors.

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Edison International Company Profile

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.

Analyst Recommendations for Edison International (NYSE:EIX)

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