Edison International (NYSE:EIX) has been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $84.56.

A number of equities research analysts have recently issued reports on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $85.00 target price on shares of Edison International in a report on Thursday. Deutsche Bank lowered their price target on shares of Edison International to $78.00 and set a “hold” rating on the stock in a report on Wednesday. Mizuho cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Wednesday. ValuEngine cut shares of Edison International from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Bank of America reissued a “buy” rating and issued a $86.00 price target on shares of Edison International in a report on Tuesday, October 24th.

Shares of Edison International (NYSE:EIX) traded down $1.28 during mid-day trading on Thursday, hitting $68.72. 10,027,600 shares of the stock were exchanged, compared to its average volume of 1,776,035. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51. The company has a market cap of $22,806.78, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.23. Edison International has a 12 month low of $67.80 and a 12 month high of $83.38.

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

In related news, insider Ronald L. Litzinger sold 224,718 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the sale, the insider now owns 14,121 shares in the company, valued at approximately $1,157,922. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

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

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About Edison International

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)

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