A statement released earlier today by Argus about Edison International (NYSE:EIX) bumps down the target price to $81.00
- Updated: October 4, 2016
Boasting a price of $70.01, Edison International (NYSE:EIX) traded -2.05% lower on the day. With the last stock price close down -4.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Edison International has recorded a 50-day average of $73.44 and a two hundred day average of $73.27. Volume of trade was down over the average, with 1,360,818 shares of EIX changing hands under the typical 1,540,460
Argus bumped down the target of Edison International (NYSE:EIX) to $81.00 stating a potential upside of 0.16%.
On 09/27/2016, Zacks Investment Research released a statement for Edison International (NYSE:EIX) bumped up the target price from $0.00 to $85.00 that suggested an upside of 0.13%.
With a total market value of $0, Edison International has price-earnings ratio of 25.93 with a one year low of $57.51 and a one year high of $78.72 .
A total of 17 equity analysts have released a research note on EIX. Five equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $73.06.
Brief Synopsis About Edison International (NYSE:EIX)
Edison International is the parent holding company of Southern California Edison Company (SCE). SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It is also the parent company of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling. Its transmission and substation projects include Tehachapi, West of Devers and Mesa Substation. The Tehachapi Project consists of electric transmission lines and substations between eastern Kern County and San Bernardino County. The West of Devers Project upgrades SCE's existing West of Devers transmission line system by replacing a portion of the existing 220 kilovolt transmission lines and structures with higher-capacity transmission lines and structures.
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