On November 21, 2023, Morgan Stanley analyst David Arcaro expressed his view on Edison International (NYSE:EIX), maintaining an “Underweight” rating. In a noteworthy development, Arcaro raised the price target for the stock from $52 to $53. This adjustment signifies Morgan Stanley’s belief that the stock is likely to underperform in comparison to the overall market performance. With the new price target set at $53, there appears to be a downside potential from the current price of $64.06 per share. It is important to note that these insights are based on the latest available data as of November 21, 2023.
Edison International
EIX
Strong Buy
Updated on: 30/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Edison International (EIX) Stock Performance and Financial Analysis
On November 21, 2023, Edison International (EIX) stock experienced a relatively stable day of trading. The previous day’s close was $65.69, and the stock opened at $65.70. Throughout the day, the stock’s price fluctuated within a range of $64.93 to $65.72. The trading volume for the day was 407,426 shares, which is significantly lower than the three-month average volume of 1,858,196 shares. The market capitalization of EIX stands at $25.3 billion.
When examining the company’s financial performance, it is important to consider its earnings growth. In the past year, EIX has experienced a negative earnings growth of -19.58%. However, there has been a positive turnaround this year, with earnings growth reaching +2.22%. Looking ahead, analysts predict a steady increase in earnings growth over the next five years, with a projected growth rate of +5.35%.
In terms of revenue growth, EIX has demonstrated positive results. In the previous year, the company experienced a revenue growth rate of +15.53%. This indicates that the company has been able to increase its sales and generate more revenue.
When evaluating the stock’s valuation, the price-to-earnings (P/E) ratio is a useful metric. EIX has a P/E ratio of 20.4, which suggests that investors are willing to pay 20.4 times the company’s earnings for each share of stock. Additionally, the price-to-sales ratio is 1.42, indicating that investors are valuing the company’s sales at 1.42 times its market capitalization. The price-to-book ratio is 1.85, which signifies that the stock is trading at 1.85 times its book value.
On November 21, 2023, EIX’s stock performance was relatively stable compared to its industry peers. WEC Energy Group Inc (WEC) experienced a decrease of -0.53, resulting in a -0.65% change. Conversely, FirstEnergy Corp (FE) saw an increase of +0.07, resulting in a +0.19% change. DTE Energy Co (DTE) also experienced a positive change of +0.23, resulting in a +0.22% change.
Looking ahead, investors can anticipate EIX’s next reporting date on February 22, 2024. Analysts forecast an earnings per share (EPS) of $1.10 for the upcoming quarter. In the previous year, EIX generated an annual revenue of $17.2 billion and a profit of $717.0 million. The net profit margin for the company stands at 4.16%, indicating its ability to generate profit from its revenue.
Edison International operates in the utilities sector, specifically in the electric utilities industry. The company’s corporate headquarters are located in Rosemead, California. Although there are no executives listed, EIX’s performance and financials speak for themselves.
In conclusion, EIX’s stock performance on November 21, 2023, was relatively stable, with minimal changes in price. The company has shown positive revenue growth and a turnaround in earnings growth this year. Looking ahead, analysts anticipate continued earnings growth in the next five years. As a player in the electric utilities industry, EIX has demonstrated its ability to generate profit and maintain a solid net profit margin. Investors should keep an eye on the company’s upcoming reporting date and consider its valuation metrics when making investment decisions.
Edison International (EIX) Stock Shows Promising Performances with Positive Outlook: Analysts Predict 13.12% Increase
On November 21, 2023, Edison International (EIX) stock showed promising performances, with analysts predicting a positive outlook for the company. Based on data from CNN Money, 14 analysts have offered 12-month price forecasts for EIX, with a median target of $74.00. The high estimate stands at $86.00, while the low estimate is $53.00. The median estimate represents a 13.12% increase from the last recorded price of $65.42.
According to the consensus among 17 polled investment analysts, the current recommendation is to buy stock in Edison International. This rating has remained steady since November, indicating that analysts have maintained a positive outlook on the company’s performance.
In terms of financial performance, Edison International reported earnings per share of $1.10 for the current quarter, with sales amounting to $4.4 billion. These figures indicate a healthy financial position for the company. Investors will eagerly await the reporting date of February 22, when Edison International will release further details regarding its financial performance.
It is crucial to note that while analysts’ forecasts and consensus ratings provide valuable insights, they are not guarantees of future stock performance. The stock market is subject to various factors, including economic conditions, industry trends, and company-specific developments. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
In conclusion, EIX stock performances on November 21, 2023, indicate a positive outlook for Edison International. Analysts’ median price target of $74.00 suggests a potential 13.12% increase from the last recorded price. The consensus among investment analysts remains to buy stock in the company, reflecting confidence in its performance. However, investors should exercise caution and conduct thorough research before making any investment decisions.
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