UBS analyst Daniel Ford maintained a Buy rating on Edison International (EIX) today and set a price target of $81. The company’s shares closed last Monday at $72.63, close to its 52-week high of $75.39.
According to TipRanks.com, Ford is a 5-star analyst with an average return of 7.8% and a 67.3% success rate. Ford covers the Utilities sector, focusing on stocks such as Hawaiian Electric Industries, Pinnacle West Capital Corp, and Public Service Enterprise.
Edison International has an analyst consensus of Moderate Buy, with a price target consensus of $77.14, which is a 6.4% upside from current levels. In a report issued on September 18, Citigroup also reiterated a Buy rating on the stock with a $81 price target.
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Based on Edison International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.81 billion and net profit of $392 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $276 million.
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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.
