Edison International PT Raised to $54.00 (EIX)
Investment analysts at UBS AG boosted their price objective on shares of Edison International (NYSE:EIX) from $49.00 to $54.00 in a note issued to investors on Thursday, AR Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would suggest a potential upside of 3.85% from the stock’s previous close.
Edison International (NYSE:EIX) traded down 0.44% on Thursday, hitting $51.77. The stock had a trading volume of 1,127,838 shares. Edison International has a 52-week low of $44.26 and a 52-week high of $54.19. The stock’s 50-day moving average is $48.37 and its 200-day moving average is $47.18. The company has a market cap of $16.867 billion and a P/E ratio of 226.09.
Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.14. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts expect that Edison International will post $3.62 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group upgraded shares of Edison International from an “underperform” rating to a “hold” rating in a research note on Monday, January 27th. They now have a $47.00 price target on the stock, up previously from $41.50. Finally, analysts at ISI Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Edison International presently has a consensus rating of “Buy” and an average target price of $55.58.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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