Edison International Receives Average Recommendation of “Buy” from Brokerages (NYSE:EIX)
Shares of Edison International (NYSE:EIX) have received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, American Banking News.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.91.
Shares of Edison International (NYSE:EIX) opened at 57.54 on Tuesday. Edison International has a one year low of $44.26 and a one year high of $58.24. The stock has a 50-day moving average of $56.53 and a 200-day moving average of $54.71. The company has a market cap of $18.747 billion and a P/E ratio of 13.05.
Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Edison International will post $3.87 EPS for the current fiscal year.
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.
Edison International, is a holding company of Southern California Edison Company (NYSE:EIX).
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