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Shares of Edison International (NYSE:EIX) have received an average rating of “Buy” from the fifteen brokerages that are presently covering the stock, Analyst Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.18.

Shares of Edison International (NYSE:EIX) opened at 56.62 on Wednesday. Edison International has a 52 week low of $44.26 and a 52 week high of $58.24. The stock’s 50-day moving average is $56.20 and its 200-day moving average is $52.92. The company has a market cap of $18.447 billion and a P/E ratio of 22.70.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Edison International will post $3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, June 26th.

A number of research firms have recently commented on EIX. Analysts at Jefferies Group cut their price target on shares of Edison International from $65.00 to $64.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Edison International from $52.00 to $59.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Thursday, May 1st. They now have a $59.00 price target on the stock.

Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).

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