Edison International Receives Upgrade to 'Hold' Status by StockNews.com

Edison International (NYSE:EIX), a significant player in the utilities sector, has experienced an improvement in its stock rating. On a recent Saturday, StockNews.com analysts lifted the company's status from 'sell' to 'hold.' This change reflects an evolving perspective on the company's stock among market analysts.

Analyst Opinions on Edison International

Analyst firms have been actively assessing Edison International, with varied insights and recommendations. For instance, TheStreet recently downgraded the company to a 'c+' rating. On another note, Barclays adjusted its price target, reducing it from $72.00 to $69.00, while maintaining an 'equal weight' rating.

Further adjustments came from Guggenheim, which upgraded its rating from 'neutral' to 'buy,' simultaneously hiking its price objective from $66.00 to $84.00. Conversely, Morgan Stanley only slightly increased its price target from $52.00 to $53.00 but holds an 'underweight' rating on the stock.

Additionally, Mizuho gave Edison International a vote of confidence, albeit with a minor price target decrease from $76.00 to $75.00, upholding a 'buy' recommendation. In totality, Edison International finds itself with an assortment of ratings, including one 'sell,' six 'hold,' and four 'buy' ratings, culminating in a consensus of 'Hold' and an average price target hovering around $72.91.

Edison International's Recent Performance

The trading price for Edison International shares started at $68.23 on a preceding Friday, consistent with market fluctuations. The company upholds a substantial market cap of $26.17 billion, augmented by a price-to-earnings ratio of 21.26, a PEG ratio of 3.67, and a beta of 0.97. Investors track the stock's progress via the 50-day and 200-day moving averages, currently at $68.67 and $67.34, respectively.

The company's financial health can be inferred from ratios such as the current ratio at 0.80 and a slightly lower quick ratio of 0.75, on top of a debt-to-equity ratio standing at 1.89. Impressive markers in Edison International's journey are the 1-year low and high points of $58.82 and $74.92 respectively.

Quarterly earnings outcomes further illustrate the company's trajectory, with a reported EPS of $1.28 in the most recent quarter, exceeding expectations by $0.12. These figures signal a sturdy return on equity of 12.79% and a commendable net margin of 8.75%. Revenue for the quarter was recorded at $3.71 billion, with analyst projections indicating an EPS of 4.67 for the ongoing fiscal year.

Edison International and Institutional Interest

In the realm of institutional investment, various hedge funds have adjusted their stakes in Edison International. Dimensional Fund Advisors LP exemplified this, expanding its shareholding by 12.6%. Similarly, entities like Aviva PLC and Vanguard Group Inc. significantly increased their investments, signaling robust institutional confidence in the utility provider.

About Edison International

Edison International operates through its subsidiaries to generate and distribute electrical power. Spanning an area of roughly 50,000 square miles in southern California, Edison furnishes energy to a diverse clientele, ranging from households to industrial entities. Additionally, the company is actively engaged in providing decarbonization and energy solutions across North America and Europe.

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