Edison International (NYSE:EIX): 7 Analyst have given the stock of Edison International (NYSE:EIX) a near short term price target of $73. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.9. The higher price target estimate is at $80 while the lower price estimates are fixed at $64.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Edison International (NYSE:EIX). Jefferies has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $66. The rating by the firm was issued on May 3, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities,The officer (Pres. Edison Energy Group, Inc) of Edison International, Litzinger Ronald L sold 12,677 shares at $71.28 on May 16, 2016. The Insider selling transaction had a total value worth of $903,617. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Edison International (NYSE:EIX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.11% at $73.88 with 1,550,712 shares getting traded. Post opening the session at $74.08, the shares hit an intraday low of $73.68 and an intraday high of $74.46 and the price was in this range throughout the day. The company has a market cap of $24,071 million and the number of outstanding shares have been calculated to be 325,811,210 shares. The 52-week high of Edison International (NYSE:EIX) is $74.46 and the 52-week low is $55.18.
Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity. Edison Internationals other subsidiaries include Edison Mission Group Inc. and SoCore Energy LLC. Edison Mission Group Inc. is a wholly owned subsidiary of Edison International and the parent company of Edison Mission Energy and Edison Capital. SoCore Energy LLC, a subsidiary engaged in distributed generation, has constructed 26 Megawatt of rooftop solar systems in nine states selling power back to commercial customers under power purchase agreements.