Edison International (EIX) Price Target Cut to $65.00 by Analysts at Barclays

Edison International (NYSE:EIX) had its price objective cut by Barclays from $70.00 to $65.00 in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also recently weighed in on the company. SunTrust Banks upped their price target on Edison International to $77.00 and gave the stock a positive rating in a report on Monday, April 15th. Zacks Investment Research cut Edison International from a hold rating to a sell rating in a report on Monday, April 15th. Wells Fargo & Co upped their price target on Edison International from $65.00 to $75.00 and gave the stock a market perform rating in a report on Monday, April 15th. Mizuho upped their price target on Edison International from $57.00 to $66.50 and gave the stock a buy rating in a report on Thursday, March 14th. Finally, Wolfe Research upgraded Edison International from a peer perform rating to an outperform rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $70.14.

Shares of NYSE:EIX opened at $59.73 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.74 and a quick ratio of 0.69. Edison International has a 1 year low of $45.50 and a 1 year high of $71.00. The stock has a market cap of $19.60 billion, a PE ratio of 14.39, a PEG ratio of 2.49 and a beta of -0.05.



Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 30th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.25). Edison International had a positive return on equity of 10.28% and a negative net margin of 1.94%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Edison International will post 4.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were paid a dividend of $0.6125 per share. This represents a $2.45 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, March 28th. Edison International’s dividend payout ratio (DPR) is currently 59.04%.

Institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new position in shares of Edison International during the 4th quarter valued at approximately $28,000. Essex Investment Management Co. LLC acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $28,000. Liberty Wealth Management LLC acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $29,000. Rehmann Capital Advisory Group raised its position in shares of Edison International by 57.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 199 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $32,000. Institutional investors own 84.66% of the company’s stock.

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.

Further Reading: Strangles

Analyst Recommendations for Edison International (NYSE:EIX)

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.