Edison International (EIX) : Analyst Rating Update

Edison International (EIX) : Zacks Investment Research ranks Edison International (EIX) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.

Edison International (EIX) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $82 and the lowest price target forecast is $71. The average forecast of all the analysts is $76 and the expected standard deviation is $4.34.

Edison International (NYSE:EIX): The stock opened at $78.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.72 for the day. The stock traded down to $77.57 during the day, due to lack of any buying support eventually closed down at $78.40 with a loss of -0.19% for the day. The stock had closed at $78.55 on the previous day. The total traded volume was 2,471,926 shares.

Also, Jefferies maintains its rating on Edison International (NYSE:EIX). The global brokerage major raises the current price target from $66 per share to $72 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on May 3, 2016. The company shares have rallied 34.85% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $78.69 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $73.08 and the 200 Day Moving Average price is recorded at $68.05.

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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