Edison International (NYSE:EIX) had its target price reduced by investment analysts at Barclays from $68.00 to $52.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price points to a potential downside of 9.94% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Edison International from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a report on Tuesday, December 17th. SunTrust Banks increased their target price on shares of Edison International from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. UBS Group increased their target price on shares of Edison International from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Cfra increased their target price on shares of Edison International from $62.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Edison International in a report on Monday, March 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Edison International presently has a consensus rating of “Buy” and a consensus price target of $78.25.

Edison International stock traded up $3.92 during mid-day trading on Thursday, reaching $57.74. 151,667 shares of the company’s stock were exchanged, compared to its average volume of 3,840,260. The company has a market cap of $18.27 billion, a P/E ratio of 15.39, a P/E/G ratio of 3.57 and a beta of 0.32. Edison International has a twelve month low of $43.63 and a twelve month high of $78.93. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average of $67.00 and a 200-day moving average of $71.06.

Edison International (NYSE:EIX) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.01). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.40 billion. Edison International had a return on equity of 11.73% and a net margin of 10.89%. Edison International’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. Equities research analysts expect that Edison International will post 4.47 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in EIX. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Edison International in the 3rd quarter valued at $3,394,000. Voya Investment Management LLC raised its stake in Edison International by 479.7% during the 3rd quarter. Voya Investment Management LLC now owns 1,093,313 shares of the utilities provider’s stock worth $82,458,000 after acquiring an additional 904,718 shares in the last quarter. Voya Financial Advisors Inc. acquired a new stake in Edison International during the 3rd quarter worth $206,000. New Mexico Educational Retirement Board raised its stake in Edison International by 2.2% during the 3rd quarter. New Mexico Educational Retirement Board now owns 27,302 shares of the utilities provider’s stock worth $2,059,000 after acquiring an additional 600 shares in the last quarter. Finally, State Street Corp raised its stake in Edison International by 5.7% during the 3rd quarter. State Street Corp now owns 26,002,843 shares of the utilities provider’s stock worth $1,976,858,000 after acquiring an additional 1,411,050 shares in the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

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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