TheStreet Lowers Edison International (NYSE:EIX) to C

Edison International (NYSE:EIX) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Tuesday, TheStreetRatingsTable reports.

EIX has been the subject of a number of other reports. Barclays boosted their price target on shares of Edison International from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Bank of America set a $73.00 price target on shares of Edison International and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Edison International from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. ValuEngine upgraded shares of Edison International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, SunTrust Banks set a $83.00 price target on shares of Edison International and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.00.

Shares of EIX stock opened at $69.83 on Tuesday. The company’s fifty day simple moving average is $68.91 and its two-hundred day simple moving average is $68.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.78 and a quick ratio of 0.72. Edison International has a 1 year low of $53.40 and a 1 year high of $76.45. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.81 and a beta of 0.05.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.03). The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $4.28 billion. Edison International had a negative net margin of 1.60% and a positive return on equity of 11.98%. During the same period in the previous year, the firm earned $1.57 EPS. Equities research analysts anticipate that Edison International will post 4.74 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC grew its position in Edison International by 3.0% in the second quarter. Cerebellum GP LLC now owns 5,288 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 156 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Edison International by 1.6% in the second quarter. Janney Montgomery Scott LLC now owns 10,137 shares of the utilities provider’s stock worth $683,000 after acquiring an additional 160 shares in the last quarter. Hartford Investment Management Co. grew its position in Edison International by 0.5% in the second quarter. Hartford Investment Management Co. now owns 35,743 shares of the utilities provider’s stock worth $2,409,000 after acquiring an additional 172 shares in the last quarter. Cozad Asset Management Inc. grew its position in Edison International by 6.7% in the third quarter. Cozad Asset Management Inc. now owns 3,200 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 200 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in Edison International by 1.1% in the third quarter. Wealthfront Advisers LLC now owns 18,891 shares of the utilities provider’s stock worth $1,425,000 after acquiring an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 86.70% 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.

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Analyst Recommendations for Edison International (NYSE:EIX)

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