Edison International PT Raised to $54.00 (EIX)
Equities research analysts at Barclays lifted their price objective on shares of Edison International (NYSE:EIX) from $53.00 to $54.00 in a research note issued to investors on Wednesday, American Banking News reports. Barclays’ price objective would indicate a potential upside of 5.39% from the company’s current price.
Edison International (NYSE:EIX) traded up 1.48% on Wednesday, hitting $52.00. 2,975,140 shares of the company’s stock traded hands. Edison International has a 52-week low of $44.26 and a 52-week high of $54.19. The stock has a 50-day moving average of $48.37 and a 200-day moving average of $47.18. The company has a market cap of $16.942 billion and a price-to-earnings ratio of 222.78.
Edison International (NYSE:EIX) last released its 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 $3.60 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $55.33.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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