Edison International Hits New 12-Month High at $58.50 (EIX)
Edison International (NYSE:EIX)’s share price reached a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $58.50 and last traded at $58.33, with a volume of 1,311,148 shares trading hands. The stock had previously closed at $57.54.
EIX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Edison International in a research note on Monday, July 28th. They now have a $59.00 price target on the stock. Separately, analysts at Argus upgraded shares of Edison International from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at CRT Capital reiterated a “fairly valued” rating on shares of Edison International in a research note on Monday, July 21st. They now have a $60.00 price target on the stock, up previously from $57.00. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Edison International currently has an average rating of “Buy” and an average price target of $59.91.
The stock’s 50-day moving average is $56.53 and its 200-day moving average is $54.71. The company has a market cap of $19.047 billion and a price-to-earnings ratio of 13.05.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.30. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company posted $0.79 earnings per share. Edison International’s revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that Edison International will post $3.87 earnings per share for the current fiscal year.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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