Edison International (NYSE:EIX) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other analysts have also issued reports about the stock. SunTrust Banks restated a “buy” rating and issued a $75.00 price target on shares of Edison International in a research report on Wednesday, July 25th. Bank of America raised their price target on shares of Edison International from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Argus raised their price target on shares of Edison International from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Edison International from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Wednesday, October 10th. Finally, Citigroup set a $72.00 price target on shares of Edison International and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.69.

NYSE EIX opened at $47.19 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 2.18 and a beta of 0.01. Edison International has a 52-week low of $45.50 and a 52-week high of $82.01.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.25. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $3.47 billion. Edison International had a net margin of 4.47% and a return on equity of 10.61%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Research analysts forecast that Edison International will post 4.14 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC boosted its position in shares of Edison International by 18.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 4,567 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 717 shares in the last quarter. Strs Ohio boosted its position in shares of Edison International by 1.4% during the 3rd quarter. Strs Ohio now owns 59,183 shares of the utilities provider’s stock valued at $4,005,000 after acquiring an additional 832 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in shares of Edison International by 3.6% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 24,087 shares of the utilities provider’s stock valued at $1,630,000 after acquiring an additional 834 shares in the last quarter. Murphy Capital Management Inc. boosted its position in shares of Edison International by 13.9% during the 2nd quarter. Murphy Capital Management Inc. now owns 7,366 shares of the utilities provider’s stock valued at $466,000 after acquiring an additional 900 shares in the last quarter. Finally, WEALTHFRONT Corp boosted its position in shares of Edison International by 6.0% during the 3rd quarter. WEALTHFRONT Corp now owns 16,506 shares of the utilities provider’s stock valued at $1,117,000 after acquiring an additional 927 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

About Edison International

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.

Featured Story: How to Profit and Limit Losses With Stop Orders

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Edison International (NYSE:EIX)

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 MarketBeat.com's FREE daily email newsletter.