Analyst Rating Update on Edison International (EIX)

Edison International (NYSE:EIX) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Edison International (NYSE:EIX) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $71. The average forecast of all the analysts is $75.67 and the expected standard deviation is $3.83.

For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains their rating on the shares of Edison International (NYSE:EIX). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $72 per share from $66 per share. The rating by the firm was issued on May 3, 2016.

Edison International (NYSE:EIX): stock turned positive on Tuesday. Though the stock opened at $75.82, the bulls momentum made the stock top out at $76.175 level for the day. The stock recorded a low of $74.66 and closed the trading day at $76.04, in the green by 0.09%. The total traded volume for the day was 2,572,568. The stock had closed at $75.97 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Vasquez Gaddi H., officer (Senior Vice President) of Edison International, had unloaded 6,842 shares at an average price of $73.83 in a transaction dated on June 10, 2016. The total value of the transaction was worth $505,145.

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.

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