Edison International [EIX] stock prices are up 0.87% to $86.24 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 2.43% over the last week, with a monthly amount glided 1.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS downgraded its rating to Neutral on July 19, 2024, and dropped its price target to $82. On April 10, 2024, Goldman initiated with a Neutral rating and assigned a price target of $78 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $84 on January 22, 2024. Evercore ISI upgraded its rating to a Outperform and reduced its price target to $68 on October 23, 2023. Barclays started tracking with a Equal Weight rating for this stock on August 23, 2023, and assigned it a price target of $68. In a note dated August 22, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $73 to $75.
The stock price of Edison International [EIX] has been fluctuating between $58.82 and $88.77 over the past year. Currently, Wall Street analysts expect the stock to reach $83.13 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $86.24 at the most recent close of the market. An investor can expect a potential drop of -3.61% based on the average EIX price forecast.
Analyzing the EIX fundamentals
The Edison International [NYSE:EIX] reported sales of 16.82B for trailing twelve months, representing a surge of 9.38%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.36.
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 85.52 points at the first support level, and at 84.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.81, and for the 2nd resistance point, it is at 87.38.
Ratios To Look Out For
It’s worth pointing out that Edison International [NYSE:EIX]’s Current Ratio 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 1.98, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 34.67.
Transactions by insiders
Recent insider trading involved Murphy J Andrew, PRESIDENT & CEO, EDISON ENERGY, that happened on Aug 26 ’24 when 23896.0 shares were sold. PRESIDENT & CEO, EDISON ENERGY, Murphy J Andrew completed a deal on Aug 23 ’24 to sell 1362.0 shares. Meanwhile, PRESIDENT & CEO, EDISON ENERGY Murphy J Andrew sold 32505.0 shares on Jul 31 ’24.
