Citigroup analyst Praful Mehta maintained a Hold rating on Edison International (NYSE: EIX) today and set a price target of $72. The company’s shares opened today at $65.61.
According to TipRanks.com, Mehta is a 3-star analyst with an average return of 11.2% and a 70.0% success rate. Mehta covers the Utilities sector, focusing on stocks such as Vistra Energy Corp, Eversource Energy, and WEC Energy Group.
Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $68.50.
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Edison International’s market cap is currently $21.35B and has a P/E ratio of 38.43. The company has a book value ratio of 1.8291.
Based on the recent corporate insider activity of 25 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. Last month, Vanessa Chang, a Director at EIX bought 2,500 shares for a total of $131,950.
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 April 20, 1987 and is headquartered in Rosemead, CA.
