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Edison International (EIX) Stock Forecast & Price Target

Edison International logo
$86.87 +0.75 (+0.87%)
(As of 11/21/2024 ET)

Edison International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
3
Buy
8

Based on 12 Wall Street analysts who have issued ratings for Edison International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 1 has given a sell rating, 3 have given a hold rating, and 8 have given a buy rating for EIX.

Consensus Price Target

$88.75
2.16% Upside
According to the 12 analysts' twelve-month price targets for Edison International, the average price target is $88.75. The highest price target for EIX is $100.00, while the lowest price target for EIX is $72.00. The average price target represents a forecasted upside of 2.16% from the current price of $86.87.
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EIX Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$88.75$87.55$80.73$71.42
Forecasted Upside2.16% Upside1.80% Upside-4.76% Downside8.37% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold

EIX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EIX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Edison International Stock vs. The Competition

TypeEdison InternationalUtilities CompaniesS&P 500
Consensus Rating Score
2.58
2.50
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside2.16% Upside21.97% Upside8.51% Upside
News Sentiment Rating
Positive News

See Recent EIX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024Jefferies Financial Group
2 of 5 stars
 Initiated CoverageBuy$93.00+14.59%
10/30/2024Barclays
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$89.00 ➝ $91.00+9.51%
10/30/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$87.00 ➝ $94.00+13.12%
10/4/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$94.00 ➝ $100.00+15.41%
9/25/2024Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$68.00 ➝ $72.00-16.30%
9/12/2024Bank of America
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 Initiated CoverageBuy$95.00+12.77%
9/11/2024Argus
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M. Ferguson
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Boost TargetBuy ➝ Buy$82.00 ➝ $97.00+15.83%
9/4/2024UBS Group
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G. Orrill
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Boost TargetNeutral ➝ Neutral$86.00 ➝ $89.00+0.98%
8/14/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$82.00 ➝ $88.00+6.14%
7/26/2024Guggenheim
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 Boost TargetBuy ➝ Buy$80.00 ➝ $83.00+5.34%
5/17/2024Mizuho
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 Boost TargetBuy ➝ Buy$75.00 ➝ $85.00+12.05%
4/10/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$78.00+10.03%
10/17/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$79.00 ➝ $75.00+13.17%
8/15/2023LADENBURG THALM/SH SH
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 UpgradeSell ➝ Neutral
5/4/2023Citigroup
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 Boost Target$79.00 ➝ $86.00+19.99%
2/24/2023Credit Suisse Group
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 Lower TargetNeutral$68.00 ➝ $67.00-0.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:21 AM ET.


Should I Buy Edison International Stock? EIX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Edison International pros and cons to contact@marketbeat.com.

Edison International
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Edison International:

  • Edison International's stock price has been steadily increasing, reaching $85.43 on recent trading days, indicating positive momentum.
  • Recent quarterly earnings results exceeded expectations, with an EPS of $1.23, showcasing strong financial performance.
  • Analysts have given Edison International an "outperform" rating, indicating favorable future growth potential.
  • The company has a solid return on equity of 13.01%, demonstrating efficient utilization of shareholder funds.
  • Edison International's revenue has been consistently growing, up 9.4% year-over-year, reflecting a healthy business trajectory.

Edison International
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Edison International for these reasons:

  • Edison International's stock has a relatively high P/E ratio of 37.47, which may indicate an overvalued position compared to industry peers.

EIX Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Edison International is $88.75, with a high forecast of $100.00 and a low forecast of $72.00.

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edison International in the last year. There is currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EIX shares.

According to analysts, Edison International's stock has a predicted upside of 2.16% based on their 12-month stock forecasts.

Edison International has been rated by research analysts at Argus, Bank of America, Barclays, Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Edison International more than other "utilities" companies. The consensus rating for Edison International is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how EIX compares to other companies.


This page (NYSE:EIX) was last updated on 11/22/2024 by MarketBeat.com Staff
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