Edison International PT Raised to $52.00 (EIX)
Equities research analysts at RBC Capital raised their target price on shares of Edison International (NYSE:EIX) from $49.00 to $52.00 in a research note issued to investors on Thursday, Stock Ratings Network reports.
Edison International (NYSE:EIX) traded up 0.13% on Thursday, hitting $52.07. The stock had a trading volume of 3,182,982 shares. Edison International has a one year low of $44.26 and a one year 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 $16.965 billion and a price-to-earnings ratio of 226.09.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Edison International will post $3.62 earnings per share for the current fiscal year.
EIX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Edison International from $52.00 to $53.00 in a research note on Wednesday. Separately, analysts at Barclays raised their price target on shares of Edison International from $53.00 to $54.00 in a research note on Wednesday. Finally, 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.42.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.