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Edison International (NYSE: EIX) was reported upgraded from an “equilibrium” rating to an “overweight” rating by analysts at Wells Fargo & Company in a Research Note Briefing released on Wednesday, which the company currently has a $ 7100 price target for the utility’s stock, up from previous price target of $ 6500 Wells Fargo & Company’s price target indicates a potential gain of 16.76% from the stock’s last closing price

Other stock analysts recently released research on the stock. Zacks Investment Research upgraded Edison International’s stock from a “Sell” to a “Hold” rating and set a $ 6300 price target on the stock in a report on Thursday 22 October Mizuho lowered its target price on shares of Edison International from $ 6700 to $ 6300 and set it in a report on Friday, March 25th Barclays raised its target price on shares of Edison International from $ 5700 to $ 69.00 and rated the company in a research report on Wednesday, Sept. Nov. 19, with “equilibrium” KeyCorp lowered its price target on Edison International from $ 6900 to $ 6800 and put an “overweight” rating on the stock in a research report on Monday, Nov. Finally, Morgan Stanley lowered its price target on Edison International from $ 75.00 to $ 69.00 and set it on Tuesday, October 15th December, Research Note Equal Weight Rating For The Company An investment analyst rated the stock with a sell rating, five with a hold rating, and ten with a buy rating. The stock currently has a consensus rating of “Buy” and a consensus price target from 70 USD27 (adsbygoogle = window adsbygoogle || []) push ({});

Shares in EIX stock opened at $ 6081 on Wednesday, the 50-day moving average price for the stock is $ 6271 and its 200-day moving average price is $ 5691 Edison International has a 1-year low of $ 4363 and a 1-year high of $ 7893. The company has a market cap of $ 2302 billion, value for money of 6142, price / earnings ratio of 440, and beta of 051. The company has a leverage ratio of 121 a current ratio of 068 and a fast ratio of 063

Edison International (NYSE: EIX) last opened on Tuesday, Jan. October, its quarterly results released The utility reported $ 167 EPS for the quarter, beating the Zacks ‘consensus estimate of $ 143 out of $ 024 The company posted revenue of $ 464 billion for the quarter, compared to analysts’ expectations of $ 024 $ 396 billion Edison International posted a return on equity of 1057% and net margin of 323% In the same quarter last year, the company posted $ 150 EPS. Stock analysts predict that Edison International as a group will achieve 453 earnings per share for the current year Year

Hedge funds recently changed positions at the company. Marshall Wace LLP added 1 to his position in Edison International0623% second quarter Marshall Wace LLP now owns 10926 shares of the utility valued at 593000 USD after another 9986 shares were acquired by Marshall Wace North America LP bought in the 2nd Quarterly a new position in Edison International worth around 1352000 USD TD Asset Management Inc increased its stake in Edison International by 34% in the 2nd Quarter TD Asset Management Inc now owns 92241 shares of the utility valued at 5010000 USD after another 3075 shares were bought FMR LLC increased its stake in Edison International by 132% in the 2nd FMR LLC now owns 11th Quarter901587 shares of the utility valued at 646376000 USD after another 1392290 shares were bought. Finally, First Republic Investment Management Inc increased its stake in Edison International by 182% in the 2nd Quarter First Republic Investment Management Inc now owns 22152 shares of the utility valued at 1203000 USD after another 3415 shares were bought 7853% of the shares belong to institutional investors and hedge funds

Edison International, through its subsidiaries, deals with the generation, transmission and distribution of electricity in the USA The company generates electricity from hydropower, diesel / liquefied gas, natural gas, nuclear power and photovoltaics It supplies electricity primarily to residential, commercial and industrial sectors -, agricultural and other customers as well as to authorities via transmission and distribution networks

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World News – FI – Edison International (NYSE: EIX) Upgrade at Wells Fargo & Company

Source: https://www.marketbeat.com/instant-alerts/nyse-eix-a-buy-or-sell-right-now-2021-01/