Edison International (NYSE:EIX) Price Target Cut to $48.00 by Analysts at Morgan Stanley

Edison International (NYSE:EIX) had its target price decreased by stock analysts at Morgan Stanley from $71.00 to $48.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential downside of 7.29% from the company’s previous close.

A number of other brokerages also recently weighed in on EIX. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. UBS Group decreased their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday. Finally, Barclays decreased their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $80.39.

Edison International Trading Up 0.5 %

NYSE EIX opened at $51.77 on Friday. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a fifty day moving average of $67.81 and a 200 day moving average of $78.73. The company has a market capitalization of $20.04 billion, a PE ratio of 15.18, a P/E/G ratio of 1.05 and a beta of 0.90.

Institutional Trading of Edison International

A number of hedge funds have recently bought and sold shares of EIX. AMF Tjanstepension AB raised its holdings in Edison International by 9.8% in the 3rd quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock valued at $23,662,000 after acquiring an additional 24,208 shares during the last quarter. CWM LLC raised its holdings in Edison International by 5.4% in the 3rd quarter. CWM LLC now owns 12,313 shares of the utilities provider’s stock valued at $1,072,000 after acquiring an additional 626 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Edison International by 597.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 3,305 shares during the last quarter. Creative Planning raised its holdings in Edison International by 6.4% in the 3rd quarter. Creative Planning now owns 50,962 shares of the utilities provider’s stock valued at $4,438,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Probity Advisors Inc. purchased a new stake in shares of Edison International in the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.