Edison International (NYSE:EIX) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued on Thursday.
Several other equities research analysts have also recently weighed in on the company. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating in a report on Friday. Morgan Stanley dropped their price objective on Edison International from $76.00 to $71.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. SunTrust Banks set a $71.00 price objective on Edison International and gave the stock a “buy” rating in a report on Monday, February 12th. UBS Group began coverage on Edison International in a research note on Friday, February 2nd. They issued a “neutral” rating and a $67.00 target price for the company. Finally, ValuEngine cut Edison International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. Edison International has a consensus rating of “Hold” and an average target price of $77.21.
Shares of Edison International (NYSE:EIX) opened at $62.17 on Thursday. Edison International has a fifty-two week low of $57.63 and a fifty-two week high of $83.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47. The firm has a market capitalization of $20,260.00, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.20 and a beta of 0.17.
Large investors have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new position in Edison International during the fourth quarter valued at $116,000. Captrust Financial Advisors purchased a new position in Edison International during the fourth quarter valued at $126,000. Amica Retiree Medical Trust purchased a new position in Edison International during the third quarter valued at $138,000. First Command Financial Services Inc. purchased a new position in Edison International during the fourth quarter valued at $154,000. Finally, Advisory Services Network LLC raised its stake in Edison International by 1,842.3% during the fourth quarter. Advisory Services Network LLC now owns 2,661 shares of the utilities provider’s stock valued at $168,000 after buying an additional 2,524 shares during the last quarter. Institutional investors and hedge funds own 80.57% 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.
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