Edison International (NYSE:EIX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.11 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Jefferies maintains the rating on Edison International (NYSE:EIX). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $66 per share to $72 per share. The rating by the firm was issued on May 3, 2016.
Edison International (NYSE:EIX): The mean estimate for the short term price target for Edison International (NYSE:EIX) stands at $74.83 according to 6 Analysts. The higher price target estimate for the stock has been calculated at $80 while the lower price target estimate is at $71.
Edison International (NYSE:EIX) rose 0.26% or 0.19 points on Tuesday and made its way into the gainers of the day. After trading began at $73.93 the stock was seen hitting $74.56 as a peak level and $73.597 as the lowest level. The stock ended up at $74.12. The daily volume was measured at 1,151,037 shares. The 52-week high of the share price is $74.56 and the 52-week low is $55.18. The company has a market cap of $24,149 million.
Shares of Edison International rose by 0.05% in the last five trading days and 5.81% for the last 4 weeks. Edison International is up 5.16% in the last 3-month period. Year-to-Date the stock performance stands at 26.03%.
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.