Edison International (EIX) Gets a Hold Rating from Barclays

By Jason Carr

In a report issued on June 18, Eric Beaumont from Barclays maintained a Hold rating on Edison International (EIXResearch Report), with a price target of $67. The company’s shares closed yesterday at $62.36.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $74.71, representing a 19.8% upside. In a report issued on June 14, Morgan Stanley also maintained a Hold rating on the stock with a $87 price target.

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The company has a one-year high of $71 and a one-year low of $45.50. Currently, Edison International has an average volume of 2.06M.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EIX in relation to earlier this year. Most recently, in March 2019, Brett W. White, a Director at EIX bought 2,500 shares for a total of $70,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.