Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Edison International (NYSE:EIX) in a report issued on Friday, MarketBeat reports. The firm set a “neutral” rating and a $67.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 9.08% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Edison International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. SunTrust Banks restated a “buy” rating and issued a $79.00 target price on shares of Edison International in a research note on Tuesday, December 26th. Edward Jones downgraded shares of Edison International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Royal Bank of Canada restated a “buy” rating and issued a $74.00 target price on shares of Edison International in a research note on Friday, December 22nd. Finally, Goldman Sachs Group set a $70.00 target price on shares of Edison International and gave the company a “hold” rating in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $80.67.

Shares of Edison International (NYSE EIX) opened at $61.42 on Friday. Edison International has a 52 week low of $61.25 and a 52 week high of $83.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51. The firm has a market cap of $20,010.00, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.24.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The business’s revenue was down 2.5% compared to the same quarter last year. equities analysts forecast that Edison International will post 4.33 EPS for the current fiscal year.

In related news, insider Ronald L. Litzinger sold 224,718 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the transaction, the insider now owns 14,121 shares in the company, valued at approximately $1,157,922. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of EIX. Engineers Gate Manager LP acquired a new position in Edison International during the 2nd quarter worth about $986,000. AXA lifted its position in Edison International by 1.0% during the 2nd quarter. AXA now owns 40,701 shares of the utilities provider’s stock worth $3,182,000 after buying an additional 400 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Edison International by 5.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,013 shares of the utilities provider’s stock worth $627,000 after buying an additional 415 shares in the last quarter. Seven Eight Capital LP acquired a new position in Edison International during the 2nd quarter worth about $351,000. Finally, Icon Advisers Inc. Co. lifted its position in Edison International by 10.4% during the 2nd quarter. Icon Advisers Inc. Co. now owns 37,000 shares of the utilities provider’s stock worth $2,893,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 81.14% of the company’s stock.

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Edison International Company Profile

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.

Analyst Recommendations for Edison International (NYSE:EIX)

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