Jefferies Financial Group Issues Pessimistic Forecast for Edison International (NYSE:EIX) Stock Price

Edison International (NYSE:EIX) had its price objective lowered by analysts at Jefferies Financial Group from $59.00 to $54.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target suggests a potential downside of 13.10% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. LADENBURG THALM/SH SH raised their target price on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating on shares of Edison International in a report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $63.30.

Edison International Price Performance

Shares of EIX stock opened at $62.14 on Wednesday. The firm’s 50 day moving average price is $59.73 and its two-hundred day moving average price is $56.73. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. Edison International has a 52-week low of $47.73 and a 52-week high of $63.19. The stock has a market cap of $23.91 billion, a PE ratio of 8.12, a PEG ratio of 0.91 and a beta of 0.83.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the business posted $1.51 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, analysts forecast that Edison International will post 4.95 EPS for the current year.

Institutional Investors Weigh In On Edison International

Institutional investors have recently bought and sold shares of the company. Activest Wealth Management raised its holdings in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC boosted its holdings in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the last quarter. Ransom Advisory Ltd grew its position in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Edison International in the 3rd quarter valued at $40,000. Institutional investors own 88.95% of the company’s stock.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.