Edison International [EIX] stock prices are up 1.23% to $74.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EIX shares have gain 3.88% over the last week, with a monthly amount glided 8.47%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Edison International [NYSE: EIX] stock has seen the most recent analyst activity on April 10, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $78. Previously, Guggenheim upgraded its rating to Buy on January 22, 2024, and kept the price target unchanged to $84. On October 23, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $68 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $68 on August 23, 2023. Mizuho upgraded its rating to a Buy and raised its price target to $75 on August 22, 2023. Ladenburg Thalmann upgraded its rating to Neutral for this stock on August 15, 2023. In a note dated July 07, 2023, Guggenheim downgraded an Neutral rating on this stock.
The stock price of Edison International [EIX] has been fluctuating between $58.82 and $74.40 over the past year. Currently, Wall Street analysts expect the stock to reach $71.83 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $74.76 at the most recent close of the market. An investor can expect a potential drop of -3.92% based on the average EIX price forecast.
Analyzing the EIX fundamentals
The Edison International [NYSE:EIX] reported sales of 16.45B for trailing twelve months, representing a surge of 2.82%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.96 points at the first support level, and at 73.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.22, and for the 2nd resistance point, it is at 75.68.
Edison International [EIX] reported earnings per share of $1.13 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.14/share, meaning a difference of -$0.01 and a surprise factor of -0.90%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.28 per share as compared to estimates of $1.16 per share, a difference of $0.12 representing a surprise of 10.30%.
Ratios To Look Out For
It’s worth pointing out that Edison International [NYSE:EIX]’s Current Ratio is 1.00. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 32.85.
Transactions by insiders
Recent insider trading involved Choi Caroline, SENIOR VICE PRESIDENT, that happened on Sep 15 ’23 when 11222.0 shares were sold.
