Edison International (NYSE:EIX) Price Target Lowered to $76.00 at Barclays

Edison International (NYSE:EIX - Get Free Report) had its price objective decreased by analysts at Barclays from $84.00 to $76.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Barclays's target price would suggest a potential upside of 33.12% from the company's previous close.

Other analysts have also issued research reports about the company. Morgan Stanley dropped their price objective on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group initiated coverage on Edison International in a report on Thursday, November 7th. They set a "buy" rating and a $93.00 price target for the company. Wells Fargo & Company upped their price objective on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. UBS Group reduced their target price on shares of Edison International from $96.00 to $87.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.33.

Edison International Stock Down 12.2 %

EIX stock traded down $7.91 during midday trading on Monday, hitting $57.09. The company's stock had a trading volume of 17,334,754 shares, compared to its average volume of 7,189,047. The company's fifty day moving average price is $81.18 and its 200 day moving average price is $81.71. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a twelve month low of $55.27 and a twelve month high of $88.77. The stock has a market capitalization of $22.10 billion, a P/E ratio of 16.74, a PEG ratio of 1.96 and a beta of 0.93.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.13. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Edison International's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. As a group, equities research analysts predict that Edison International will post 4.94 EPS for the current year.

Insider Activity

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.03% of the stock is currently owned by insiders.

Institutional Trading of Edison International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in shares of Edison International during the 3rd quarter valued at about $26,000. Groupama Asset Managment raised its stake in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock worth $26,000 after purchasing an additional 237 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Edison International in the second quarter valued at approximately $27,000. Eastern Bank purchased a new position in Edison International during the 3rd quarter worth $27,000. Finally, Larson Financial Group LLC grew its stake in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.