Edison International (NYSE:EIX) has been given a $87.00 price objective by equities research analysts at Citigroup in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the utilities provider’s stock. Citigroup’s target price indicates a potential upside of 19.21% from the stock’s previous close.

A number of other analysts have also recently commented on the company. SunTrust Banks reiterated a “buy” rating and set a $85.00 target price on shares of Edison International in a research report on Thursday, December 7th. BidaskClub upgraded Edison International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Royal Bank of Canada reiterated a “buy” rating and set a $84.00 target price on shares of Edison International in a research report on Sunday, September 17th. Deutsche Bank cut their target price on Edison International to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, December 6th. Finally, Bank of America reiterated a “buy” rating and set a $86.00 target price on shares of Edison International in a research report on Tuesday, October 24th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.54.

Shares of Edison International (NYSE EIX) opened at $72.98 on Tuesday. The stock has a market capitalization of $23,386.76, a price-to-earnings ratio of 16.35, a PEG ratio of 2.60 and a beta of 0.23. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. Edison International has a 52 week low of $67.80 and a 52 week 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 the consensus estimate of $1.33 by $0.10. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Edison International had a return on equity of 10.84% and a net margin of 13.18%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. 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 Edison International stock in a transaction that occurred on Wednesday, November 15th. The stock was 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America raised its holdings in Edison International by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,256 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 8 shares during the last quarter. TLP Group LLC acquired a new position in Edison International in the 3rd quarter valued at $118,000. Parallel Advisors LLC acquired a new position in Edison International in the 4th quarter valued at $128,000. JNBA Financial Advisors raised its holdings in Edison International by 823.9% in the 4th quarter. JNBA Financial Advisors now owns 1,820 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Edison International by 24.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,900 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 374 shares during the last quarter. 81.36% of the stock is currently owned by institutional investors and hedge funds.

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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)

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