Analysts at Morgan Stanley Didn’t Change their Past ‘”Equal-Weight”’ rating on Shares Edison Intl (NYSE:EIX), Set a $71 Price Target

February 14, 2018 - By Adrian Erickson

 Analysts at Morgan Stanley Didn't Change their Past ‘

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.06, from 1.21 in 2017Q2. It dived, as 33 investors sold Edison International shares while 173 reduced holdings. 57 funds opened positions while 179 raised stakes. 259.99 million shares or 1.33% less from 263.50 million shares in 2017Q2 were reported.

First Advsrs L P stated it has 0.18% of its portfolio in Edison International (NYSE:EIX). Washington Trust National Bank invested in 2,864 shares. Edgestream Prns L P stated it has 0.15% in Edison International (NYSE:EIX). Numeric Investors Ltd has invested 0.43% of its portfolio in Edison International (NYSE:EIX). 964 are owned by Cwm Ltd Liability Company. Amer Registered Inv Advisor Inc accumulated 10,775 shares. Metropolitan Life Insur New York reported 154,464 shares. Douglass Winthrop Advsrs Llc invested in 7,214 shares or 0.03% of the stock. Greenleaf Tru owns 712 shares for 0% of their portfolio. Swiss National Bank & Trust owns 1.33M shares for 0.12% of their portfolio. Grantham Mayo Van Otterloo & owns 143,600 shares. Northern Trust, Illinois-based fund reported 4.56M shares. Cibc Asset Mgmt holds 0.02% of its portfolio in Edison International (NYSE:EIX) for 34,062 shares. Sentry Invests holds 104,650 shares. Mitsubishi Ufj Tru & Bk accumulated 704,786 shares.

Edison Intl (NYSE:EIX) Rating Reaffirmed

They currently have a $71 PT on Edison Intl (NYSE:EIX). The target price by Morgan Stanley would suggest a potential upside of 18.00 % from the company’s last stock close price. This has been revealed in a research report on Tuesday morning.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.06, from 1.21 in 2017Q2. It dived, as 33 investors sold Edison International shares while 173 reduced holdings. 57 funds opened positions while 179 raised stakes. 259.99 million shares or 1.33% less from 263.50 million shares in 2017Q2 were reported.

First Advsrs L P stated it has 0.18% of its portfolio in Edison International (NYSE:EIX). Washington Trust National Bank invested in 2,864 shares. Edgestream Prns L P stated it has 0.15% in Edison International (NYSE:EIX). Numeric Investors Ltd has invested 0.43% of its portfolio in Edison International (NYSE:EIX). 964 are owned by Cwm Ltd Liability Company. Amer Registered Inv Advisor Inc accumulated 10,775 shares. Metropolitan Life Insur New York reported 154,464 shares. Douglass Winthrop Advsrs Llc invested in 7,214 shares or 0.03% of the stock. Greenleaf Tru owns 712 shares for 0% of their portfolio. Swiss National Bank & Trust owns 1.33M shares for 0.12% of their portfolio. Grantham Mayo Van Otterloo & owns 143,600 shares. Northern Trust, Illinois-based fund reported 4.56M shares. Cibc Asset Mgmt holds 0.02% of its portfolio in Edison International (NYSE:EIX) for 34,062 shares. Sentry Invests holds 104,650 shares. Mitsubishi Ufj Tru & Bk accumulated 704,786 shares.

Edison International (NYSE:EIX) Ratings Coverage

Among 20 analysts covering Edison (NYSE:EIX), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. Edison has $92 highest and $59.0 lowest target. $72.11’s average target is 19.84% above currents $60.17 stock price. Edison had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Mizuho on Friday, October 6 with “Buy”. The company was maintained on Thursday, August 10 by Morgan Stanley. SunTrust maintained Edison International (NYSE:EIX) on Monday, September 26 with “Buy” rating. SunTrust maintained Edison International (NYSE:EIX) rating on Tuesday, December 5. SunTrust has “Buy” rating and $85.0 target. Morgan Stanley maintained Edison International (NYSE:EIX) on Wednesday, December 13 with “Equal-Weight” rating. The stock of Edison International (NYSE:EIX) earned “Neutral” rating by Citigroup on Tuesday, October 17. The firm has “Neutral” rating by Mizuho given on Wednesday, February 24. The firm has “Hold” rating given on Monday, April 18 by Deutsche Bank. The stock of Edison International (NYSE:EIX) has “Buy” rating given on Monday, October 19 by SunTrust. The firm has “Hold” rating by Citigroup given on Monday, January 22.

The stock increased 0.18% or $0.11 during the last trading session, reaching $60.17. About 2.34M shares traded. Edison International (NYSE:EIX) has risen 12.39% since February 14, 2017 and is uptrending. It has underperformed by 4.31% the S&P500.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. They expect $0.93 EPS, down 7.92 % or $0.08 from last year’s $1.01 per share. EIX’s profit will be $303.00 million for 16.17 P/E if the $0.93 EPS becomes a reality. After $1.43 actual EPS reported by Edison International for the previous quarter, Wall Street now forecasts -34.97 % negative EPS growth.

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The company has market cap of $19.60 billion. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It has a 13.74 P/E ratio. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

More news for Edison International (NYSE:EIX) were recently published by: Businesswire.com, which released: “Advisory for Thursday, February 22: Edison International to Hold Conference …” on January 23, 2018. Gurufocus.com‘s article titled: “Maple-Brown Abbott Ltd Buys Edison International, Williams Inc, Kinder Morgan …” and published on January 23, 2018 is yet another important article.

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