Edison International (EIX) Stock Forecast & Price Target

$83.68 +1.55 (+1.89%)

(As of 11/15/2024 08:54 PM 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

Moderate Buy

Based on 12 Analyst Ratings

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
6.06% 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 6.06% from the current price of $83.68.

EIX Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
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	$80.09	$71.33
Forecasted Upside	6.06% Upside	2.48% Upside	-4.32% Downside	8.20% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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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.

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.

Edison International Stock vs. The Competition

Type	Edison International	Utilities Companies	S&P 500
Consensus Rating Score	2.58	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.06% Upside	21.71% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent EIX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Buy	$93.00	+14.59%
10/30/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$89.00 ➝ $91.00	+9.51%
10/30/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$87.00 ➝ $94.00	+13.12%
10/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$94.00 ➝ $100.00	+15.41%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$68.00 ➝ $72.00	-16.30%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$95.00	+12.77%
The Harvard Business School proved his stock picking system works (Ad) If you missed our last email, I hope you see this one. You see, this Tuesday afternoon we’re sitting down with the #1 ranked stock picker in North America. A man who’s beat out 16,000 stock market professionals on Sum Zero to claim the top spot… He was amongst the first to recommend many of today’s most dominant companies, including both Apple and Nvidia. And for the first time on a large scale, he’s going to share the stock rating system that made it all possible… Not only has this system been proven to generate significant alpha by The Harvard Business School… It also earned a patent from the US government… The technology behind this system is out of this world, and our #1 stock picker has agreed to let us test a number of stocks against it. Follow this link here we’ll add you to the guest list.
9/11/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ferguson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$82.00 ➝ $97.00	+15.83%
9/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Orrill Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$86.00 ➝ $89.00	+0.98%
8/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$82.00 ➝ $88.00	+6.14%
7/26/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $83.00	+5.34%
5/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $85.00	+12.05%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$78.00	+10.03%
10/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$79.00 ➝ $75.00	+13.17%
8/15/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
5/4/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$79.00 ➝ $86.00	+19.99%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$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 Monday at 02:32 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 Monday, October 28, 2024. Please send any questions or comments about these Edison International pros and cons to contact@marketbeat.com.

Edison International
Bull Case

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

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 equities 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 equities research analysts is that investors should "moderate buy" EIX shares.
: According to analysts, Edison International's stock has a predicted upside of 6.06% 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 score for Edison International is 2.58 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how EIX compares to other companies.

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This page (NYSE:EIX) was last updated on 11/18/2024 by MarketBeat.com Staff

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Edison International (EIX) Stock Forecast & Price Target