Investment analysts at Sanford C. Bernstein lifted their target price on shares of Edison International (NYSE: EIX) from $50.00 to $55.00 in a note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock.

Edison International (NYSE: EIX) traded up 0.48% on Tuesday, hitting $50.74. Edison International has a 1-year low of $41.42 and a 1-year high of $51.24. The stock’s 50-day moving average is currently $48.33. The company’s market cap is $16.532 billion.

Edison International (NYSE: EIX) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $1.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.72. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company posted $0.75 earnings per share. Edison International’s revenue was up 21.6% compared to the same quarter last year. Edison International has set its FY13 guidance at $3.45-3.65 EPS. On average, analysts predict that Edison International will post $3.49 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Edison International in a research note to investors on Thursday, March 14th. They now have a $61.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Edison International in a research note to investors on Monday, March 4th. They now have a $51.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Edison International from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, February 28th. They now have a $56.00 price target on the stock, up previously from $47.00.

Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Edison International currently has an average rating of “Buy” and a consensus target price of $48.54.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a dividend of $0.34 per share. This represents a $1.35 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, March 26th.

Edison International is a holding company of Southern California Edison Company (NYSE: EIX), a California public utility corporation and Edison Mission Group Inc.

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