Edison International (EIX) Given a $71.00 Price Target by SunTrust Banks Analysts

Edison International (NYSE:EIX) has been assigned a $71.00 price objective by SunTrust Banks in a report released on Monday. The brokerage currently has a “buy” rating on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 19.77% from the company’s previous close.

Several other research analysts also recently commented on EIX. Goldman Sachs Group set a $70.00 price target on shares of Edison International and gave the company a “hold” rating in a report on Friday, December 15th. Mizuho downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Wednesday, December 6th. ValuEngine raised shares of Edison International from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Citigroup set a $87.00 price target on shares of Edison International and gave the company a “hold” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Edison International presently has a consensus rating of “Hold” and a consensus price target of $78.00.

Edison International (NYSE EIX) traded up $0.34 during trading on Monday, reaching $59.28. 455,448 shares of the company were exchanged, compared to its average volume of 3,762,401. Edison International has a fifty-two week low of $57.63 and a fifty-two week high of $83.38. The stock has a market cap of $19,203.31, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.17 and a beta of 0.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47.

In other news, insider Ronald L. Litzinger sold 224,718 shares of Edison International stock in a transaction 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 completion of the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EIX. Dimensional Fund Advisors LP lifted its holdings in shares of Edison International by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock worth $46,110,000 after acquiring an additional 5,216 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Edison International during the 2nd quarter worth $204,000. Shelton Capital Management bought a new stake in shares of Edison International during the 2nd quarter worth $206,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Edison International by 26.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,748 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 6,084 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Edison International during the 2nd quarter worth $425,000. 79.43% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Edison International (EIX) Given a $71.00 Price Target by SunTrust Banks Analysts” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/12/edison-international-eix-given-a-71-00-price-target-by-suntrust-banks-analysts.html.

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)

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.

Leave a Reply