Edison International (EIX) Stock Forecast & Price Target

$87.76 +0.14 (+0.16%)

(As of 11/26/2024 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

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
1.13% 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 1.13% from the current price of $87.76.

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EIX Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
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 Upside	1.13% Upside	4.33% Upside	-5.04% Downside	7.77% 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	1.50% Upside	21.43% Upside	6.74% 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
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$74.00 ➝ $72.00	-17.49%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$95.00	+12.77%
Get the Latest News and Ratings for EIX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Edison International and its competitors with MarketBeat's FREE daily newsletter.
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 Tuesday at 07:46 PM 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 Tuesday, November 26, 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:

The current stock price is $87.61, which is close to its 12-month high of $88.77, indicating strong market performance and potential for further appreciation.
Edison International reported a quarterly earnings per share (EPS) of $1.51, exceeding analysts' expectations of $1.38, showcasing robust financial health and operational efficiency.
The company has demonstrated a year-over-year revenue growth of 10.6%, with quarterly revenue reaching $5.20 billion, reflecting strong demand and effective management.
With a dividend yield of 3.56% and an annualized dividend of $3.12, Edison International provides a steady income stream for investors, which is attractive in a low-interest-rate environment.
The stock has a consensus rating of "Moderate Buy" from analysts, with a price target averaging $88.75, suggesting potential upside for investors.

Edison International
Bear Case

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

The company has a high debt-to-equity ratio of 1.96, indicating that it relies significantly on debt financing, which could pose risks in a rising interest rate environment.
With a current ratio of 0.88 and a quick ratio of 0.81, Edison International may face liquidity challenges, suggesting it might struggle to cover short-term liabilities.
The dividend payout ratio is currently at 91.50%, which is quite high and may limit the company's ability to reinvest in growth or weather economic downturns.
Some analysts have issued a "sell" rating, indicating that there are concerns about the stock's future performance and potential overvaluation.
Market volatility, as indicated by a beta of 0.92, suggests that the stock may not be as stable as some investors prefer, which could lead to fluctuations in investment value.

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 1.13% 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.

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This page (NYSE:EIX) was last updated on 11/26/2024 by MarketBeat.com Staff

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Edison International (EIX) Stock Forecast & Price Target