Edison International (NYSE:EIX)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks in a research note issued to investors on Thursday. They currently have a $85.00 price target on the utilities provider’s stock. SunTrust Banks’ target price would indicate a potential upside of 23.69% from the company’s previous close.

A number of other brokerages have also issued reports on EIX. ValuEngine raised shares of Edison International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Jefferies Group raised shares of Edison International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $90.00 in a research report on Friday, August 11th. Mizuho lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Edison International in a research report on Thursday, August 17th. Finally, Morgan Stanley boosted their target price on shares of Edison International from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $84.54.

Shares of Edison International (NYSE:EIX) traded down $1.28 during 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 current ratio of 0.51 and a quick ratio of 0.47. Edison International has a twelve month low of $67.80 and a twelve month high of $83.38. The firm has a market capitalization 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 (NYSE:EIX) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the company earned $1.29 earnings per share. Edison International’s revenue for the quarter was down 2.5% on a year-over-year basis. equities research analysts anticipate that Edison International will post 4.33 EPS for the current year.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total value of $18,426,876.00. Following the sale, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Edison International in the 3rd quarter worth about $557,000. Americafirst Capital Management LLC grew its holdings in shares of Edison International by 190.4% in the 3rd quarter. Americafirst Capital Management LLC now owns 15,357 shares of the utilities provider’s stock worth $1,185,000 after purchasing an additional 10,069 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Edison International in the 3rd quarter worth about $714,000. Neuberger Berman Group LLC grew its holdings in shares of Edison International by 5.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 292,811 shares of the utilities provider’s stock worth $22,596,000 after purchasing an additional 14,740 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Edison International by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 933,358 shares of the utilities provider’s stock worth $72,027,000 after purchasing an additional 51,716 shares during the last quarter. 81.36% of the stock is currently owned by institutional investors and hedge funds.

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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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