News coverage about Edison International (NYSE:EIX) has been trending positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Edison International earned a news impact score of 0.29 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Top Analyst Upgrades and Downgrades: Blue Apron, Edison International, Goldman Sachs, Kohl’s, Nvidia, Perrigo and More (feedproxy.google.com)
- Jefferies Upgrades Edison International (EIX) to Buy – StreetInsider.com (streetinsider.com)
- Norges Bank Sells A Lot More Edison International (EIX) Stock – Modern Readers (modernreaders.com)
- Edison International (EIX) – Morgan Stanley Maintains Rating And Updates Price Target – Modern Readers (modernreaders.com)
- Edison International (NYSE:EIX) Price Target Raised to $90.00 (americanbankingnews.com)
EIX has been the subject of several recent analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $83.00 target price (up previously from $80.00) on shares of Edison International in a research note on Tuesday, May 2nd. BidaskClub cut shares of Edison International from a “hold” rating to a “sell” rating in a research note on Sunday, June 25th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price target (up previously from $82.00) on shares of Edison International in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Edison International in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Edison International presently has a consensus rating of “Hold” and a consensus target price of $84.35.
Shares of Edison International (NYSE EIX) traded down 0.18% during trading on Friday, hitting $79.53. 1,239,638 shares of the stock traded hands. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 18.81 and a beta of 0.22. Edison International has a 52 week low of $67.44 and a 52 week high of $82.82. The firm’s 50-day moving average price is $78.42 and its 200-day moving average price is $78.60.
Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Edison International had a return on equity of 10.58% and a net margin of 12.64%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Edison International will post $4.24 earnings per share for the current year.
In other Edison International news, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $78.85, for a total transaction of $2,052,859.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Brett White sold 2,500 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $81.67, for a total value of $204,175.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at $204,175. The disclosure for this sale can be found here. Insiders have sold 31,035 shares of company stock valued at $2,460,285 over the last quarter. Corporate insiders own 0.41% of the company’s stock.
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About Edison International
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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