Edison International Lifted to “Outperform” at BMO Capital Markets (EIX)
Edison International (NYSE:EIX) was upgraded by analysts at BMO Capital Markets to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $64.00 price objective on the stock, up from their previous price objective of $59.00. BMO Capital Markets’ target price suggests a potential upside of 9.74% from the company’s current price.
In other Edison International news, VP Robert L. Adler unloaded 100,962 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.39, for a total transaction of $5,794,209.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
EIX has been the subject of a number of other 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.91.
Edison International (NYSE:EIX) opened at 58.32 on Friday. Edison International has a one year low of $44.26 and a one year high of $59.18. The stock’s 50-day moving average is $56.62 and its 200-day moving average is $54.89. The company has a market cap of $19.001 billion and a price-to-earnings ratio of 13.33.
Edison International (NYSE:EIX) last issued its quarterly earnings data 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. 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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