Edison International (NYSE:EIX)‘s stock had its “hold” rating reaffirmed by Morgan Stanley in a report issued on Monday.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Edison International from a “sell” rating to a “hold” rating and set a $74.00 target price on the stock in a report on Tuesday, July 10th. Wells Fargo & Co boosted their price target on Edison International from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Citigroup lowered their price target on Edison International from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Monday, July 9th. Argus boosted their price target on Edison International to $75.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. Finally, ValuEngine downgraded Edison International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Edison International currently has a consensus rating of “Hold” and an average target price of $73.29.

EIX opened at $67.55 on Monday. Edison International has a 52-week low of $57.63 and a 52-week high of $83.38. The stock has a market cap of $21.97 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.83 and a beta of 0.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 26th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. Edison International had a return on equity of 10.27% and a net margin of 4.34%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Edison International’s revenue was down 5.1% on a year-over-year basis. equities research analysts predict that Edison International will post 4.07 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in EIX. Signaturefd LLC acquired a new position in shares of Edison International in the first quarter valued at approximately $102,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Edison International in the second quarter valued at approximately $110,000. Adviser Investments LLC acquired a new position in shares of Edison International in the first quarter valued at approximately $152,000. CSat Investment Advisory L.P. acquired a new position in shares of Edison International in the second quarter valued at approximately $182,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Edison International by 416.1% in the second 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. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

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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