Edison International (NYSE:EIX) Downgrade of Rating
Goldman Sachs gave Edison International (NYSE:EIX) shares a new “Neutral” rating in a research note revealed to investors and clients on Friday morning. This is downgrade from the last “Buy” rating.
Out of 18 analysts covering Edison International, 14 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $79 and the lowest is $62 according to Thomson/First Call. The 12-month mean target is $69.94, which means downside potential of 2.78% over the current price.
NYSE:EIX Price Chart & Trend
The stock price of Edison International gained 26.73% over the last 200 days, and is in mighty up trend. In the last 50 and 100 days, Edison International is up 21.91% and up 19.54%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Electron Capital Partners Llc had the biggest stake with ownership of 99,637 shares as of q2 2015 for 2.94% of the fund’s portfolio. Windsor Financial Group Llc is another bull as the fund who is having 85,177 shares of Edison International or 2.04% of their fund’s portfolio. Further, Zimmer Partners Lp have 1.88% of their fund’s portfolio invested in the company for 622,500 shares. The Australia-based fund Macquarie Group Ltd revealed it had purchased so far a stake worth about 1.21% of the fund’s stock portfolio in Edison International. The Georgia-based fund Ridgeworth Capital Management Llc is also positive about the stock, possessing 11.58 million shares or 1.21% of their fund’s portfolio.Over the last 6 months, Edison International NYSE:EIX has seen 0 buys, and 4 insider selling transactions. The net result was for 4 transactions, worth $3.74 million.
Edison International (NYSE:EIX) Profile
Edison International is the parent holding company of Southern California Edison Company (SCE) and subsidiaries. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. Edison International is also the parent company of subsidiaries that are engaged in businesses related to the generation or use of electricity.
Edison International (NYSE:EIX) traded up 0.08% on 1 April, hitting $71.94. A total of 2.46 million shares of the company’s stock traded hands. This is down from average of 2.50 million shares. Edison International has a 52 week low of $55.18 and a 52 week high of $72.41. The company has a market cap of $23.46 billion and a P/E ratio of 23.99.
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