Edison International (NYSE:EIX) Given New $48.00 Price Target at Morgan Stanley

Edison International (NYSE:EIX - Get Free Report) had its price objective lowered by investment analysts at Morgan Stanley from $71.00 to $48.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the utilities provider's stock. Morgan Stanley's price objective indicates a potential downside of 6.19% from the company's current price.

A number of other research analysts also recently issued reports on EIX. Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. UBS Group cut their price target on Edison International from $87.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Barclays dropped their target price on Edison International from $76.00 to $67.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.11.

Edison International Stock Up 2.2 %

Shares of NYSE:EIX traded up $1.11 on Friday, reaching $51.17. The company had a trading volume of 5,189,587 shares, compared to its average volume of 6,610,502. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The firm's 50 day simple moving average is $66.48 and its 200-day simple moving average is $78.30. The firm has a market capitalization of $19.81 billion, a PE ratio of 15.01, a PEG ratio of 1.05 and a beta of 0.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Institutional Trading of Edison International

Several large investors have recently added to or reduced their stakes in EIX. Crews Bank & Trust purchased a new stake in Edison International during the 4th quarter valued at about $25,000. Highline Wealth Partners LLC acquired a new position in shares of Edison International in the 3rd quarter valued at about $26,000. Groupama Asset Managment lifted its holdings in shares of Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after buying an additional 237 shares during the period. Eastern Bank acquired a new position in shares of Edison International in the 3rd quarter valued at about $27,000. Finally, Larson Financial Group LLC lifted its holdings 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 valued at $31,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors 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.