Edison International (NYSE:EIX) has been given a $72.00 price objective by equities research analysts at SunTrust Banks in a report issued on Monday. The firm presently has a “buy” rating on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 14.76% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Edward Jones cut Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. JPMorgan Chase & Co. started coverage on Edison International in a report on Friday, January 12th. They set a “neutral” rating and a $67.00 price objective for the company. Goldman Sachs set a $70.00 price objective on Edison International and gave the company a “hold” rating in a report on Friday, December 15th. Finally, Citigroup restated a “hold” rating and set a $66.00 price objective on shares of Edison International in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.86.
Edison International stock opened at $62.74 on Monday. Edison International has a 1-year low of $57.63 and a 1-year high of $83.38. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $21,226.60, a P/E ratio of 36.48, a PEG ratio of 2.65 and a beta of 0.20.
Several hedge funds have recently modified their holdings of the business. FDx Advisors Inc. lifted its holdings in shares of Edison International by 16.5% in the 3rd quarter. FDx Advisors Inc. now owns 4,602 shares of the utilities provider’s stock worth $355,000 after buying an additional 653 shares during the period. Amalgamated Bank raised its position in shares of Edison International by 1.9% in the 3rd quarter. Amalgamated Bank now owns 36,581 shares of the utilities provider’s stock worth $2,823,000 after acquiring an additional 679 shares in the last quarter. Norinchukin Bank The raised its position in shares of Edison International by 2.9% in the 3rd quarter. Norinchukin Bank The now owns 25,949 shares of the utilities provider’s stock worth $2,002,000 after acquiring an additional 738 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Edison International by 10.6% in the 3rd quarter. Pacer Advisors Inc. now owns 7,728 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 741 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Edison International by 3.2% in the 4th quarter. LS Investment Advisors LLC now owns 29,134 shares of the utilities provider’s stock worth $1,842,000 after acquiring an additional 917 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Edison International Company Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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