Could Edison International (EIX) Change Direction After Reaching 52-Week Low?

Therefore 7% are positive. The Firm has ATR of 0.97 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. Float is the proportion of issued also outstanding shares that can be liberally traded, nothing like locked-up insider holdings or restricted employee shares. Barclays Capital maintained the shares of EIX in report on Wednesday, February 24 with "Equalweight" rating. The firm has "Buy" rating given on Thursday, August 27 by Evercore. The stock has "Neutral" rating by Citigroup on Tuesday, October 17.

Edison International (NYSE:EIX) was downgraded by analysts at ValuEngine from a "buy" rating to a "hold" rating in a report released on Tuesday. As per Tuesday, January 26, the company rating was upgraded by Evercore. The stock of Edison International (NYSE:EIX) earned "Buy" rating by Deutsche Bank on Tuesday, August 11. (NYSE:ED) earned "Buy" rating by Jefferies on Wednesday, September 14. Jefferies has "Hold" rating and $8300 target. The report noted that among utilities, EIX shares displayed both attractive valuation metrics and strong profitability metrics. The stock increased 0.27% or $0.25 during the last trading session, reaching $94.16. About 30,949 shares traded or 65.96% up from the average.

Analysts await Edison International (NYSE:EIX) to report earnings on February, 20. It has outperformed by 17.82% the S&P500.

Edison International current ratio below one at 0.5 is not in theideal zone, quick glance of financial statement discloses that the firms can not cater to all of its compulsion falling due within FY18. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. They expect $0.94 earnings per share, down 6.93% or $0.07 from last year's $1.01 per share. EIX's profit will be $306.26M for 18.21 P/E if the $0.94 EPS becomes a reality. After $1.47 actual earnings per share reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts -48.98% negative EPS growth.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.29, from 0.92 in 2017Q1. 79 funds opened positions while 205 raised stakes. This indicates more downside for the $6.85 million company. This action increases the annual dividend by $0.25 per share for the fourth year in a row. Allstate Corp holds 0.06% or 13,525 shares in its portfolio.

Edison International's insider ownership stands at 0.18 percent, while its insider transaction is -44.17 percent. Breton Hill Ltd reported 2,948 shares. Jaffetilchin Ltd Llc holds 6,096 shares or 0.16% of its portfolio.

Pittenger & Anderson Inc increased Morgan Stanley (NYSE:MS) stake by 8,675 shares to 78,615 valued at $3.50 million in 2017Q2. 399 were accumulated by Loomis Sayles And Limited Partnership. Highvista Strategies Limited Liability Company holds 5,400 shares or 0.1% of its portfolio. Raymond James And accumulated 261,651 shares. Looking at the stock's movement on the chart, Edison International recorded a 52-week high of $83.38. Perennial Advisors LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at about $136,000. Advantus Mngmt holds 32,842 shares or 0.07% of its portfolio. L S Advsr, a California-based fund reported 3,990 shares.

Tightening the gaze, stock performance for the last 5 trading days is -15.59%. PNC Financial Services Group Inc. lifted its stake in shares of Consolidated Edison by 1.8% during the 2nd quarter. Edison International (NYSE:EIX) has risen 12.39% since December 6, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. Its up 0.05, from 0.9 in 2017Q1. It is positive, as 28 investors sold EIX shares while 177 reduced holdings. 74 funds opened positions while 236 raised stakes. Soros Fund Ltd Co holds 0% or 4,000 shares. Following the transaction, the insider now owns 14,121 shares of the company's stock, valued at $1,157,922. Caisse DE Depot ET Placement DU Quebec now owns 264,753 shares of the utilities provider's stock worth $21,450,000 after buying an additional 22,400 shares in the last quarter. (NYSE:ED). First Interstate National Bank & Trust owns 125 shares for 0% of their portfolio. Janney Montgomery Scott Lc holds 17,491 shares or 0.02% of its portfolio. Convergence Investment Prns Ltd holds 54,209 shares. Girard Partners LTD. lifted its stake in shares of Consolidated Edison by 91.9% during the 2nd quarter. 420.45 million shares or 0.02% less from 420.51 million shares in 2017Q1 were reported. Davis Selected Advisers invested 1.11% in Microsoft Corporation (NASDAQ:MSFT). Tradewinds Capital Mgmt Ltd Liability Co reported 1,200 shares. Ledyard Commercial Bank has invested 2.18% in Microsoft Corporation (NASDAQ:MSFT).

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