Edison International (NYSE:EIX)
Bank of America Downgrades Edison International (NYSE:EIX)’s stock to Neutral with the price target of $75. This rating was issued on 10/11/18. The stock recently closed its previous session at $68.41 by showing a percentage change of -2.38% from its previous day closing price of $70.08.
Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Edison International (NYSE:EIX) in which Wells Fargo Maintains Edison International (NYSE:EIX) to Outperform by settling a price target of $80 on 9/17/18. Morgan Stanley Maintains the stock to Equal-Weight on 9/11/18 by stationing a price target of $75. Argus Maintains the company’s stock to Buy on 8/02/18 by setting a price target of $75. Wells Fargo Maintains Edison International (NYSE:EIX) to Outperform with a price target of $76.
Edison International (NYSE:EIX) currently has a consensus Price Target of $71.35. While some analysts have a High Price target for the stock of $80 and a Low Price Target of $62.
Several sell side analysts reviewed their recommendations on Edison International (NYSE:EIX) where 4 analyst have rated the stock as Strong Buy, 3 analysts said it’s a Buy, 10 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research also rated the stock with a value of 2.17. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, Edison International (NYSE:EIX) reported its Actual EPS of $0.84/share. The analysts offering Earnings Estimates for the company were believing that Edison International (NYSE:EIX) could bring EPS of $0.83/share. The difference between Actual EPS and Estimated EPS was 0.01 Percent. Thus the company showed an Earnings Surprise of 1.2 Percent.
Edison International (NYSE:EIX) has a market capitalization of 22.29 Billion. The stock traded with the volume of 4.2 Million shares in the last trading session. The stock touched its high share price of $83.38 on 11/15/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 02/09/18 as $57.63. The company has a 1 Year high price target of $71.44. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of 0.17%. The Moving Average SMA50 is 0.93% while SMA200 is 7.11%.
Edison International (NYSE:EIX) is currently showing its ROA (Return on Assets) of 0.8%. The Return on Investment (ROI) is at 6.4% while it’s Return on Equity (ROE) value stands at 3.5%. The stock currently shows its YTD (Year to Date) performance of 8.18 percent while its Weekly performance value is -0.41%. The Monthly and Yearly performances are 0.93 percent and -12.76 percent respectively. The Relative Volume value measured for Edison International (NYSE:EIX) is 2.15. The Average Volume (3 months) is 1.95 Million.
The stock currently has its Annual Dividend of $2.42 and an annual Dividend Yield of 3.54 Percent. EIX has P/E (Price to Earnings ttm) value of 25.33, Forward P/E of 15.17, P/C (Price to cash per share) of 225.27 and Price to Free Cash Flow (P/FCF) value of 159.3. The stock is showing its Operating Margin of 10.6 percent.
Edison International, through its subsidiaries, is a generator and distributor of electric power, as well as a provider of energy services and technologies, including renewable energy. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, one of the nation’s largest electric utilities. Edison International is also the parent company of Edison Energy Group, a portfolio of competitive businesses that provide commercial and industrial customers with energy management and procurement services and distributed solar generation. Edison Energy Group companies are independent from Southern California Edison.