Edison International PT Raised to $59.00 (EIX)
Stock analysts at RBC Capital increased their target price on shares of Edison International (NYSE:EIX) from $52.00 to $59.00 in a report issued on Friday, StockRatingsNetwork reports. RBC Capital’s price target suggests a potential upside of 6.61% from the company’s current price.
Shares of Edison International (NYSE:EIX) opened at 55.34 on Friday. Edison International has a 1-year low of $44.26 and a 1-year high of $57.70. The stock’s 50-day moving average is $55.47 and its 200-day moving average is $49.94. The company has a market cap of $18.030 billion and a price-to-earnings ratio of 20.37.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.08. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Edison International will post $3.71 EPS for the current fiscal year.
A number of other firms have also recently commented on EIX. Analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Thursday. They now have a $59.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Edison International from $64.50 to $65.00 in a research note on Thursday. Finally, analysts at Barclays raised their price target on shares of Edison International from $58.00 to $64.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Edison International has a consensus rating of “Buy” and a consensus price target of $58.07.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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