Edison International Price Target Raised to $53.00 at Deutsche Bank (EIX)
Equities researchers at Deutsche Bank lifted their price objective on shares of Edison International (NYSE:EIX) from $52.00 to $53.00 in a research report issued on Wednesday, ARN reports. Deutsche Bank’s price target would indicate a potential upside of 3.43% from the company’s current price.
Edison International (NYSE:EIX) traded up 1.48% on Wednesday, hitting $52.00. The stock had a trading volume of 2,975,140 shares. Edison International has a 1-year low of $44.26 and a 1-year high of $54.19. The stock has a 50-day moving average of $48.17 and a 200-day moving average of $47.14. The company has a market cap of $16.942 billion and a price-to-earnings ratio of 222.78.
Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the 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 $3.60 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Edison International from $53.00 to $54.00 in a research note on Wednesday. Separately, analysts at Jefferies Group raised their price target on shares of Edison International from $47.00 to $52.00 in a research note on Thursday, February 20th. Finally, analysts at UBS AG raised their price target on shares of Edison International from $52.00 to $80.00 in a research note on Thursday, February 20th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.33.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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