At the time of writing, Edison International [EIX] stock is trading at $75.35, up 1.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EIX shares have gain 4.09% over the last week, with a monthly amount glided 2.92%, 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.
For the past year, the stock price of Edison International fluctuated between $58.82 and $77.04. Currently, Wall Street analysts expect the stock to reach $74.43 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $75.35 at the most recent close of the market. An investor can expect a potential drop of -1.22% based on the average EIX price forecast.
Analyzing the EIX fundamentals
According to Edison International [NYSE:EIX], the company’s sales were 16.45B for trailing twelve months, which represents an 2.82% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.42.
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 74.36 points at the first support level, and at 73.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.20, and for the 2nd resistance point, it is at 77.05.
Ratios To Look Out For
It is important to note that Edison International [NYSE:EIX] has a current ratio of 1.00. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 33.11.
Transactions by insiders
Recent insider trading involved Choi Caroline, SENIOR VICE PRESIDENT, that happened on Jun 05 ’24 when 10004.0 shares were sold. PRESIDENT & CEO, EDISON ENERGY, Murphy J Andrew completed a deal on May 14 ’24 to sell 45012.0 shares. Meanwhile, PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew sold 9794.0 shares on May 13 ’24.
