Edison International (EIX) PT Lowered to $71.00

Edison International (NYSE:EIX) had its price target lowered by equities research analysts at Morgan Stanley from $76.00 to $71.00 in a research note issued on Tuesday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 19.85% from the company’s previous close.

Other equities analysts have also issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and issued a $79.00 price target on shares of Edison International in a report on Tuesday, December 26th. Zacks Investment Research lowered Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Edward Jones lowered Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Goldman Sachs Group set a $70.00 price target on Edison International and gave the stock a “hold” rating in a report on Friday, December 15th. Finally, JPMorgan Chase & Co. initiated coverage on Edison International in a report on Friday, January 12th. They issued a “neutral” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $77.21.

Edison International (NYSE:EIX) opened at $59.24 on Tuesday. Edison International has a twelve month low of $57.63 and a twelve month high of $83.38. The firm has a market capitalization of $19,604.06, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.22 and a beta of 0.17. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Hedge funds have recently modified their holdings of the stock. Amica Retiree Medical Trust purchased a new stake in shares of Edison International in the third quarter worth $138,000. Cerebellum GP LLC purchased a new stake in shares of Edison International in the fourth quarter worth $116,000. Captrust Financial Advisors purchased a new stake in shares of Edison International in the fourth quarter worth $126,000. First Command Financial Services Inc. purchased a new stake in shares of Edison International in the fourth quarter worth $154,000. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Edison International in the second quarter worth $204,000. Institutional investors own 79.43% of the company’s stock.

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About Edison International

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Analyst Recommendations for Edison International (NYSE:EIX)

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