The Edison International (NYSE:EIX) is going down by -0.08% in today’s trading session, a fall equivalent to -0.06% of the stock’s price from yesterday’s market close. A news came out on 08/23/19 stating that Peterman to Join Southern California Edison, Powell and Anderson Named to Newly Created Senior Executive Posts by WSJ. The lowest point that the shares touched during the trading session was $72.14, while the peak of the day was recorded at a share price of $72.97. EIX finished the previous session at $72.63 according to the data provided by Barchart, while the trading volume was observed to be $1,365,570.
In the 100 days of trading, EIX managed to top a 67.28% Moving average. Additionally, Edison International shares have achieved a 52-week range between 45.50 and 75.39 alongside 100 days raw stochastic set at 83.58%.
The number of shares outstanding, according to the fundamentals of the company, is set at 361.13M, equal to the value of $26.23B in market capitalization. In the last 30 days, Edison International shares went down by -1.92%, adding 74.00 to growth in value, on top of a +3.24% boost since 08/20/19.
Edison International (NYSE:EIX) Analyst’s Estimates
Edison International (EIX) could record at least $1.60 per share in quarterly earnings in the upcoming report on 10/29/2019, a number that would actually represent a decrease of -2.32% YOY.
According to the average analyst rating, Edison International would be rated as Overweight. Out of 15 different analysts monitoring EIX stock, 8 analysts rate the stock as a BUY, 7 suggest to give the rating of HOLD, 0 indicate that EIX is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Jun-04-19, the stock earned a Upgrade rating due to a new analyst call from UBS, while analysts from Wolfe Research believe that the stock is set at Outperform from Peer Perform, as concluded on May-06-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Mar-01-19.
Regardless of the rating, Wells Fargo did increase their price to $65 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-15-19, giving the stock a Underperform from the Neutral rating.
EIX Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +20.41% has been attained, while the operating margin has been recorded at +17.29%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.84%. Beta value of the stock is recorded at 0.13. Additionally, Edison International is recording price volatility of 1.60% for the period of the last seven days and 1.75% in the last 30 days.
Edison International (NYSE:EIX) Technical Outlook
For the period of the last 50 days, Edison International had its Raw Stochastic average set at 56.09% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 61.62%. Stochastic %K for Edison International, with the last 20 days included, was set at 57.48%, having Stochastic %D topping 49.40%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Edison International stocks with recording 27.94% in metrics.
Edison International Insider Watch:
Similarly, 89.61% of the company’s float is held by institutions – and there are 849 institutions in total holding shares of this company. The top three institutional holders of EIX stocks are: Vanguard Group, Inc. (The) with ownership of $1.79 billion, which is approximately 26,549,849 of the company’s shares; Blackrock Inc., holding 25,549,261 shares of the stock with an approximate value of $1.72 billion; and State Street Corporation, currently with more than 24,591,793 shares of the company valued at $1.66 billion. Positions in Edison International stocks held by institutional investors has been changing actively in the past six months, a period during which there were 5 insider purchases amounting to 12,808 shares.