Edison International (NYSE:EIX) had its target price raised by equities researchers at Argus to $80.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Argus’ target price would indicate a potential upside of 14.16% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other analysts have also commented on the company. Goldman Sachs Group set a $69.00 price objective on Edison International and gave the stock a “hold” rating in a report on Friday, September 14th. Wells Fargo & Co boosted their price objective on Edison International from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Morgan Stanley boosted their price objective on Edison International from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. SunTrust Banks reissued a “buy” rating and set a $75.00 price objective on shares of Edison International in a report on Wednesday, July 25th. Finally, Bank of America boosted their price objective on Edison International from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Edison International has an average rating of “Hold” and an average target price of $74.08.

Shares of Edison International stock opened at $70.08 on Thursday. Edison International has a one year low of $57.63 and a one year high of $83.38. The stock has a market capitalization of $22.05 billion, a P/E ratio of 15.57, a PEG ratio of 2.84 and a beta of 0.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.66 and a quick ratio of 0.61.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 26th. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Edison International had a return on equity of 10.27% and a net margin of 4.34%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Analysts expect that Edison International will post 4.08 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC bought a new position in shares of Edison International in the second quarter valued at approximately $110,000. CSat Investment Advisory L.P. purchased a new position in Edison International in the second quarter valued at approximately $182,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Edison International by 416.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 2,455 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Edison International in the second quarter valued at approximately $198,000. Finally, Levin Capital Strategies L.P. purchased a new position in Edison International in the first quarter valued at approximately $208,000. 81.83% of the stock is owned by institutional investors.

About Edison International

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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