Barclays Issues Pessimistic Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX - Get Free Report) had its price objective lowered by analysts at Barclays from $65.00 to $64.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price objective indicates a potential upside of 14.04% from the company's previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Mizuho lowered their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, The Goldman Sachs Group reduced their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.75.

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Edison International Stock Up 1.3 %

NYSE EIX traded up $0.72 on Tuesday, reaching $56.12. The company had a trading volume of 2,085,321 shares, compared to its average volume of 2,926,745. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company's fifty day moving average is $54.86 and its 200 day moving average is $70.15. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The stock has a market capitalization of $21.61 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.07 and a beta of 0.74.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Edison International

Hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in Edison International by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 39,237 shares of the utilities provider's stock worth $3,404,000 after acquiring an additional 1,111 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Edison International during the 3rd quarter valued at $245,000. Quantinno Capital Management LP increased its holdings in shares of Edison International by 21.8% in the third quarter. Quantinno Capital Management LP now owns 31,297 shares of the utilities provider's stock worth $2,726,000 after purchasing an additional 5,595 shares during the period. EP Wealth Advisors LLC boosted its stake in Edison International by 77.1% during the third quarter. EP Wealth Advisors LLC now owns 19,220 shares of the utilities provider's stock valued at $1,674,000 after buying an additional 8,369 shares during the period. Finally, iA Global Asset Management Inc. grew its position in Edison International by 4.2% during the third quarter. iA Global Asset Management Inc. now owns 11,467 shares of the utilities provider's stock worth $999,000 after buying an additional 463 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

About Edison International

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.