Edison International (EIX) Sets New 52-Week Low Following Analyst Downgrade

Cornelia Mascio
Dicembre 7, 2017

Its up 0.29, from 0.92 in 2017Q1.

Edison International (EIX) has an Analysts' Mean Recommendation of 2.3. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported. 17,108,600 shares of the company were exchanged, compared to its average volume of 1,740,767. Pension Serv accumulated 0.13% or 286,301 shares. 6,608 are held by Mitchell Mcleod Pugh & Williams. Carlson Cap Ltd Partnership has 291,250 shares. Asset Management One Limited holds 565,150 shares or 0.11% of its portfolio. Americafirst Capital Management LLC increased its position in Edison International by 190.4% during the third quarter. Edison International earned a media sentiment score of 0.17 on Accern's scale. SunTrust maintained Edison International (NYSE:EIX) on Monday, September 26 with "Buy" rating. Ls Inv Advsrs Lc has 28,709 shares for 0.14% of their portfolio. Fiduciary Tru Company accumulated 2,734 shares.

Price-earnings of 15.7 does not seem to have potential for quick returns and compared to their historical earnings Edison International shares are expensive relative to its per-share earnings. United Svcs Automobile Association holds 0.12% or 510,679 shares. If the published price targets set by Edison International analysts have any power to influence the stock's share price, the highest price target set for EIX is $96. The 8 months bearish chart indicates high risk for the $22.31 billion company. Mizuho reiterated a "buy" rating and issued a $87.00 price target (up previously from $84.00) on shares of Edison International in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a "buy" rating and issued a $84.00 price target on shares of Edison International in a report on Sunday, September 17th. The Price to Sales (P/S) of the stock is 1.87, while P/B (Price to Book) stands at 1.8. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock's traded 10.03 million shares in session while it holds an average volume of 2.1 million shares. The Baldwin Brothers Inc holds 65,009 shares with $7.08 million value, up from 50,774 last quarter. Yield10 Bioscience, Inc. (NASDAQ:YTEN) has 0.00% since December 6, 2016 and is. It has underperformed by 4.31% the S&P500.

Covering sell-side analysts have recently weighed in on shares of Edison International (NYSE:EIX). The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.89 by $0.21. The company has a market capitalization of $26,149.61, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.91 and a beta of 0.23. Argus Research maintained Edison International (NYSE:EIX) on Monday, August 3 with "Buy" rating.

The highest price EIX stock touched in the last 12 month was $83.38 and the lowest price it hit in the same period was $67.8. Therefore 59% are positive. Edison had 46 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of EIX in report on Wednesday, February 24 with "Equalweight" rating. The company was downgraded on Wednesday, October 28 by Barclays Capital. On Friday, September 8 the stock rating was maintained by Morgan Stanley with "Equal-Weight".

In other news, insider Ronald L. Litzinger sold 224,718 shares of the company's stock in a transaction on Wednesday, November 15th. BMO Capital Markets maintained it with "Buy" rating and $8500 target in Thursday, July 13 report. Deutsche Bank downgraded Edison International (NYSE:EIX) on Tuesday, August 11 to "Buy" rating. Deutsche Bank now has a hold rating on the stock. Liberty Mutual Asset invested 0.07% in Edison International (NYSE:EIX). SunTrust maintained Edison International (NYSE:EIX) rating on Monday, October 30. 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. The stock has a market cap of 626.02 Million. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. 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.

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