Edison International (EIX) Receives Price Target

Edison International (EIX) : The most positive equity analysts on Edison International (EIX) expects the shares to touch $84, whereas, the least positive believes that the stock will trade at $77 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $80.33 with an expected fluctuation of $2.34 from the mean.

Edison International (EIX) : 2 brokerage houses believe that Edison International (EIX) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Edison International (EIX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Edison International (NYSE:EIX). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $77 per share from a prior target of $76. The rating by the firm was issued on July 29, 2016.

Edison International (NYSE:EIX): The stock opened at $72.66 on Thursday but the bulls could not build on the opening and the stock topped out at $72.76 for the day. The stock traded down to $72.25 during the day, due to lack of any buying support eventually closed down at $72.70 with a loss of -0.03% for the day. The stock had closed at $72.72 on the previous day. The total traded volume was 1,509,660 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.

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