A share price of Edison International [EIX] is currently trading at $82.27, up 0.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The EIX shares have gain 4.79% over the last week, with a monthly amount glided 14.55%, 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 July 19, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $82 from $83. Previously, Goldman started tracking the stock with Neutral rating on April 10, 2024, and set its price target to $78. On January 22, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $84 on the stock. Evercore ISI upgraded its rating to a Outperform and decreased its price target to $68 on October 23, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $68 as its price target on August 23, 2023. Mizuho upgraded its rating to Buy for this stock on August 22, 2023, and upped its price target to $75. In a note dated August 15, 2023, Ladenburg Thalmann upgraded an Neutral rating on this stock.
Edison International experienced fluctuations in its stock price throughout the past year between $58.82 and $81.88. Currently, Wall Street analysts expect the stock to reach $75.71 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $82.27 at the most recent close of the market. An investor can expect a potential drop of -7.97% based on the average EIX price forecast.
Analyzing the EIX fundamentals
Trailing Twelve Months sales for Edison International [NYSE:EIX] were 16.82B which represents 9.38% growth. Gross Profit Margin for this corporation currently stands at 0.38% 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 of2.36.
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 80.99 points at the first support level, and at 79.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.30, and for the 2nd resistance point, it is at 84.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Edison International [NYSE:EIX] is 1.03. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 2.31 and price to earnings (TTM) ratio is 33.07.
Transactions by insiders
Recent insider trading involved Murphy J Andrew, PRESIDENT & CEO, EDISON ENERGY, that happened on Jul 31 ’24 when 32505.0 shares were sold. SENIOR VP & CHIEF HR OFFICER, Schilling Natalie K completed a deal on Jul 31 ’24 to sell 2341.0 shares. Meanwhile, PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew sold 28995.0 shares on Jul 26 ’24.
