A statement released earlier today by Zacks Investment Research about Edison International (NYSE:EIX) ups the target price to $78.00
- Updated: October 13, 2016
In a report released on 10/13/2016 Zacks Investment Research increased the stock price target of Edison International (NYSE:EIX) to $78.00 reporting a possible upside of 0.10%.
On 10/04/2016, Argus released a statement on Edison International (NYSE:EIX) dropped the target price from $86.00 to $81.00 that suggested an upside of 0.16%.
Having a price of $70.82, Edison International (NYSE:EIX) traded 1.18% higher on the day. With the last close down -3.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $72.56 and a 200-day moving average of $73.17. 407,543 shares of the stock traded hands, down from an average trading volume of 1,507,120
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Edison International has a price-earnings ratio of 26.28 with a one year low of $57.51 and a one year high of $78.72 EIX’s total market value is presently $0.
A total of 17 equity analysts have released a ratings update 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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