Edison International (NYSE:EIX) had its price target decreased by analysts at Deutsche Bank to $78.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the utilities provider’s stock. Deutsche Bank’s price target points to a potential upside of 11.43% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. ValuEngine raised Edison International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Bank of America reaffirmed a “buy” rating and set a $86.00 price target on shares of Edison International in a research note on Tuesday, October 24th. Morgan Stanley upped their price target on Edison International from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. BidaskClub raised Edison International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $89.00 price target on shares of Edison International in a research note on Monday, October 30th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.85.

Shares of Edison International (NYSE EIX) traded down $10.26 during trading hours on Wednesday, hitting $70.00. The stock had a trading volume of 17,108,600 shares, compared to its average volume of 1,740,767. The firm has a market cap of $26,149.61, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.91 and a beta of 0.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47. Edison International has a 12 month low of $68.76 and a 12 month high of $83.38.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.53 billion. Edison International had a return on equity of 10.84% and a net margin of 13.18%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. research analysts predict that Edison International will post 4.33 EPS for the current fiscal year.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the completion of the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Edison International by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 27,363,702 shares of the utilities provider’s stock worth $2,139,568,000 after purchasing an additional 487,713 shares in the last quarter. BlackRock Inc. increased its holdings in Edison International by 1.1% during the 2nd quarter. BlackRock Inc. now owns 24,659,823 shares of the utilities provider’s stock worth $1,928,152,000 after purchasing an additional 270,625 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Edison International by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,314,368 shares of the utilities provider’s stock worth $1,197,430,000 after purchasing an additional 526,261 shares in the last quarter. Boston Partners increased its holdings in Edison International by 4.2% during the 2nd quarter. Boston Partners now owns 3,736,312 shares of the utilities provider’s stock worth $292,142,000 after purchasing an additional 151,153 shares in the last quarter. Finally, FIL Ltd increased its holdings in Edison International by 12.1% during the 2nd quarter. FIL Ltd now owns 2,789,016 shares of the utilities provider’s stock worth $218,073,000 after purchasing an additional 301,131 shares in the last quarter. 81.36% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/06/edison-international-eix-pt-lowered-to-78-00-at-deutsche-bank.html.

Edison International Company Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Analyst Recommendations for Edison International (NYSE:EIX)

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.