Edison International Receives a Buy from SunTrust Robinson

By Ryan Adsit

In a report issued on December 5, Ali Agha from SunTrust Robinson reiterated a Buy rating on Edison International (NYSE: EIX), with a price target of $85. The company’s shares opened today at $68.93, close to its 52-week low of $67.80.

According to TipRanks.com, Agha is a 4-star analyst with an average return of 10.7% and a 63.8% success rate. Agha covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Great Plains Energy Inc.

Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $81.

Based on Edison International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.67 billion and quarterly net profit of $470 million. In comparison, last year the company earned revenue of $3.77 billion and had a net profit of $419 million.

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Edison International is a renewable energy company. The company through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies, including renewable energy. Edison International was founded on April 20, 1987 and is headquartered in Rosemead, CA..