Edison International (NYSE:EIX) Given “Hold” Rating at Barclays

Barclays reaffirmed their hold rating on shares of Edison International (NYSE:EIX) in a research report released on Thursday, AnalystRatings.com reports. The firm currently has a $67.00 target price on the utilities provider’s stock.

A number of other research analysts also recently commented on the company. Bank of America upgraded Edison International from an underperform rating to a neutral rating and upped their price objective for the stock from $63.00 to $65.00 in a research note on Friday, March 1st. Mizuho boosted their price target on Edison International from $57.00 to $66.50 and gave the stock a buy rating in a research report on Thursday, March 14th. UBS Group upgraded Edison International from a neutral rating to a buy rating and boosted their price target for the stock from $67.00 to $72.00 in a research report on Tuesday, June 4th. Wolfe Research upgraded Edison International from a peer perform rating to an outperform rating in a research report on Monday, May 6th. Finally, SunTrust Banks boosted their price target on Edison International to $77.00 and gave the stock a positive rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $71.18.

Shares of EIX opened at $65.41 on Thursday. The firm has a market cap of $21.31 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.52 and a beta of 0.04. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.23. Edison International has a 12 month low of $45.50 and a 12 month high of $71.00.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.25). The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.78 billion. Edison International had a positive return on equity of 10.28% and a negative net margin of 1.94%. Edison International’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, equities analysts forecast that Edison International will post 4.72 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in EIX. Essex Investment Management Co. LLC acquired a new stake in shares of Edison International in the fourth quarter valued at $28,000. Liberty Wealth Management LLC acquired a new stake in shares of Edison International in the fourth quarter valued at $29,000. Rehmann Capital Advisory Group lifted its holdings in shares of Edison International by 57.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after buying an additional 199 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Edison International in the fourth quarter valued at $32,000. Finally, Bruderman Asset Management LLC acquired a new stake in shares of Edison International in the fourth quarter valued at $35,000. Institutional investors own 82.33% of the company’s stock.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Analyst Recommendations for Edison International (NYSE:EIX)

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