Barclays analyst Eric Beaumont maintained a Hold rating on Edison International (EIX) today and set a price target of $52.00. The company’s shares closed last Monday at $57.68.
According to TipRanks.com, Beaumont is a 3-star analyst with an average return of 1.0% and a 47.5% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Public Service Enterprise, and American Electric Power.
Currently, the analyst consensus on Edison International is a Moderate Buy with an average price target of $80.44, a 48.6% upside from current levels. In a report issued on March 12, Morgan Stanley also maintained a Hold rating on the stock with a $81.00 price target.
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Based on Edison International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 billion and net profit of $173 million. In comparison, last year the company earned revenue of $3.01 billion and had a GAAP net loss of $1.4 billion.
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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.
