Edison International (NYSE:EIX) had its price objective decreased by research analysts at Barclays from $73.00 to $58.00 in a research report issued on Monday. The brokerage currently has a “hold” rating on the utilities provider’s stock. Barclays’ price objective suggests a potential upside of 9.89% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Citigroup upgraded shares of Edison International from a “neutral” rating to a “buy” rating and cut their price target for the company from $72.00 to $59.00 in a report on Friday, November 16th. ValuEngine cut shares of Edison International from a “sell” rating to a “strong sell” rating in a report on Friday, November 16th. SunTrust Banks cut their price target on shares of Edison International to $75.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Edward Jones cut shares of Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Finally, Zacks Investment Research reiterated a “buy” rating and issued a $76.00 price target on shares of Edison International in a report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.54.

Shares of Edison International stock opened at $52.78 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.02. Edison International has a 52-week low of $45.50 and a 52-week high of $81.96. The company has a market capitalization of $17.56 billion, a PE ratio of 12.54, a PEG ratio of 2.19 and a beta of 0.01.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.25. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Edison International had a net margin of 4.47% and a return on equity of 10.61%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. As a group, analysts predict that Edison International will post 4.14 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Edison International by 3.2% during the third quarter. BlackRock Inc. now owns 28,543,129 shares of the utilities provider’s stock valued at $1,931,800,000 after buying an additional 881,794 shares during the period. Macquarie Group Ltd. lifted its position in Edison International by 5.8% during the third quarter. Macquarie Group Ltd. now owns 11,742,063 shares of the utilities provider’s stock valued at $789,403,000 after buying an additional 646,312 shares during the period. Capital International Investors lifted its position in Edison International by 327.4% during the third quarter. Capital International Investors now owns 11,136,310 shares of the utilities provider’s stock valued at $753,705,000 after buying an additional 8,530,510 shares during the period. Pzena Investment Management LLC lifted its position in Edison International by 14.2% during the third quarter. Pzena Investment Management LLC now owns 8,949,790 shares of the utilities provider’s stock valued at $605,722,000 after buying an additional 1,113,386 shares during the period. Finally, Boston Partners lifted its position in Edison International by 3.0% during the second quarter. Boston Partners now owns 5,075,296 shares of the utilities provider’s stock valued at $321,114,000 after buying an additional 145,785 shares during the period. 81.93% of the stock is owned by institutional investors and hedge funds.

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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