Edison International (EIX) : 6 Wall Street analysts covering Edison International (EIX) believe that the average level the stock could reach for the short term is $76.17. The maximum price target given is $82 and the minimum target for short term is around $71, hence the standard deviation is calculated at $4.54.
Edison International (EIX), According to the latest information the short interest in Edison International shot up by 12.1% or 518,347 shares. The final shorts are 1.5% of the total floated shares. The positions increased from 4,277,796 shares on June 15,2016 to 4,796,143 on June 30,2016. According to the per-day average trading of 1,747,969 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Jefferies maintains its ratings on Edison International (NYSE:EIX). In the latest research report, Jefferies raises the target price from $66 per share to $72 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on May 3, 2016.
Edison International (NYSE:EIX): On Thursdays trading session , Opening price of the stock was $76.82 with an intraday high of $77.215. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.39. However, the stock managed to close at $77.11, a loss of 0.39% for the day. On the previous day, the stock had closed at $77.41. The total traded volume of the day was 2,005,514 shares.
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.