Edison International

Edison International Stock Forecast & Price Prediction

Live Edison International Stock (EIX) Price
$82.75

15

Ratings

  • Buy 8
  • Hold 7
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$82.75

P/E Ratio

24.20

Volume Traded Today

$2.0M

Dividend

$0.78

52 Week High/low

88.77/63.15

Edison International Market Cap

$32.04B

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EIX Summary

From what 15 stock analysts predict, the share price for Edison International (EIX) might increase by 9.41% in the next year. This is based on a 12-month average estimation for EIX. Price targets go from $73.5 to $100. The majority of stock analysts believe EIX is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

EIX Analyst Ratings

About 15 Wall Street analysts have assigned EIX 8 buy ratings, 7 hold ratings, and 0 sell ratings. This means that analysts expect Edison International to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on EIX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

EIX stock forecast by analyst

These are the latest 20 analyst ratings of EIX.

Analyst/Firm

Rating

Price Target

Change

Date

Julien Dumoulin-Smith
Jefferies

Buy

$93

Initiates

Nov 7, 2024
Paul Fremont
Ladenburg Thalmann

Sell

$73.5

Upgrade

Nov 1, 2024
Nicholas Campanella
Barclays

Equal-Weight

$91

Maintains

Oct 30, 2024
Neil Kalton
Wells Fargo

Overweight

$94

Maintains

Oct 30, 2024
Nicholas Campanella
Barclays

Equal-Weight

$89

Maintains

Oct 15, 2024
Shelby Tucker
RBC Capital

Outperform

$100

Maintains

Oct 4, 2024
David Arcaro
Morgan Stanley

Underweight

$72

Maintains

Sep 25, 2024
Shelby Tucker
RBC Capital

Outperform

$94

Reiterates

Sep 16, 2024
Ross Fowler
B of A Securities

Buy

$95

Reinstates

Sep 12, 2024
Marie Ferguson
Argus Research

Buy

$97

Maintains

Sep 11, 2024
Nicholas Campanella
Barclays

Equal-Weight

$91

Maintains

Sep 4, 2024
Daniel Ford
UBS

Neutral

$89

Maintains

Sep 4, 2024
David Arcaro
Morgan Stanley

Underweight

$68

Maintains

Aug 23, 2024
Durgesh Chopra
Evercore ISI Group

Outperform

$88

Maintains

Aug 14, 2024
Nicholas Campanella
Barclays

Equal-Weight

$80

Maintains

Jul 30, 2024
Shahriar Pourreza
Guggenheim

Buy

$83

Maintains

Jul 26, 2024
Neil Kalton
Wells Fargo

Overweight

$87

Maintains

Jul 26, 2024
Daniel Ford
UBS

Neutral

$82

Downgrade

Jul 19, 2024
David Arcaro
Morgan Stanley

Underweight

$61

Maintains

Jun 24, 2024
Marie Ferguson
Argus Research

Buy

$82

Maintains

Jun 12, 2024

EIX Company Information

What They Do: Electric power generation and distribution services.

Business Model: The company operates by generating and distributing electricity across a vast area in southern California, serving various sectors including residential, commercial, and industrial customers. It earns revenue through the sale of electricity and related services, leveraging its extensive transmission and distribution infrastructure.

Other Information: Founded in 1886 and headquartered in Rosemead, California, Edison International operates a significant network of transmission lines and substations, allowing it to efficiently supply power over a large geographic area. The company plays a critical role in the energy sector, particularly in California's evolving energy landscape.
EIX
Edison International (EIX)

When did it IPO

1980

Staff Count

14,375

Country

United States

Sector/Industry

Utilities/Utilities - Regulated Electric

CEO

Dr. Pedro J. Pizarro

Market Cap

$32.04B

Edison International (EIX) Financial Data

In 2023, EIX generated $16.34B in revenue, which was a decrease of -5.12% from the previous year. This can be seen as a signal that EIX's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$13.58B

Revenue From 2021

$14.91B

9.77 %
From Previous Year

Revenue From 2022

$17.22B

15.53 %
From Previous Year

Revenue From 2023

$16.34B

-5.12 %
From Previous Year
  • Revenue TTM $17.32B
  • Operating Margin TTM 21.2%
  • Gross profit TTM $6.71B
  • Return on assets TTM 3.0%
  • Return on equity TTM 7.4%
  • Profit Margin 7.6%
  • Book Value Per Share 36.21%
  • Market capitalisation $32.04B
  • Revenue for 2021 $14.91B
  • Revenue for 2022 $17.22B
  • Revenue for 2023 $16.34B
  • EPS this year (TTM) $3.42

Edison International (EIX) Latest News

News Image

Wed, 30 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - EIX's Q3 earnings exceeded estimates with a 3.7% year-over-year revenue increase. The company has also narrowed its EPS outlook for 2024.

Why It Matters - EIX's strong Q3 earnings and revenue growth indicate solid performance, potentially boosting investor confidence. The narrowed EPS outlook suggests focused guidance, impacting future stock valuation.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Edison International is viewed as a qualitative utility company but is currently considered overvalued, leading to a recommendation against buying the stock.

Why It Matters - Overvaluation of Edison International suggests potential price corrections, impacting investor sentiment and decision-making in the utility sector.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Edison International (NYSE:EIX) will host its Q3 2024 earnings conference call on October 29, 2024, at 4:30 PM ET, featuring key executives and analysts from major financial firms.

Why It Matters - Edison International's Q3 2024 earnings call will provide insights into its financial performance, impacting stock valuation and investment decisions in the utility sector.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Edison International reported Q3 net income of $516 million ($1.33/share), up from $155 million ($0.40/share) last year. Adjusted core earnings were $582 million ($1.51/share), also an increase.

Why It Matters - Edison International's significant increase in net income and core earnings per share signals strong financial performance, potentially boosting investor confidence and share price.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Edison International (EIX) reported Q3 earnings of $1.51 per share, surpassing estimates of $1.39 and up from $1.38 per share year-over-year.

Why It Matters - Edison International's earnings beat expectations and show year-over-year growth, indicating strong performance that could boost investor confidence and stock price.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Southern California Edison plans to redeem all Series H Preference Stock and associated 5.75% Trust Preference Securities on Nov. 28, 2024, at $25 each plus accrued dividends.

Why It Matters - The redemption of Series H Preference Stock and Trust Preference Securities signals a shift in capital structure, potentially affecting cash flow and investor returns for Southern California Edison.

...

EIX Frequently asked questions

The highest forecasted price for EIX is $100 from Shelby Tucker at RBC Capital.

The lowest forecasted price for EIX is $73.5 from Paul Fremont from Ladenburg Thalmann

The EIX analyst ratings consensus are 8 buy ratings, 7 hold ratings, and 0 sell ratings.