Edison International [NYSE: EIX] loss -4.83% or -3.13 points to close at $61.63 with a heavy trading volume of 3842713 shares. It opened the trading session at $64.06, the shares rose to $64.19 and dropped to $61.26, the range by which the price of stock traded the whole day. The daily chart for EIX points out that the company has recorded -13.65% loss over the past six months. However, it is still -41.26% lower than its most recent low trading price.
If we look at the average trading volume of 2.90M shares, EIX reached to a volume of 3842713 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Edison International [EIX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EIX shares is $69.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EIX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Edison International shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 11, 2020. The new note on the price target was released on May 04, 2020, representing the official price target for Edison International stock. Previously, the target price had yet another raise to $87, while Vertical Research analysts kept a Buy rating on EIX stock. On June 04, 2019, analysts increased their price target for EIX shares from 67 to 72.
The Average True Range (ATR) for Edison International is set at 2.15, with the Price to Sales ratio for EIX stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 0.19.
Trading performance analysis for EIX stock
Edison International [EIX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, EIX shares gained by 8.03% in over the last four-week period, additionally sinking by -13.65% over the last 6 months – not to mention a rise of 1.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EIX stock in for the last two-week period is set at 57.36, with the RSI for the last a single of trading hit 58.96, and the three-weeks RSI is set at 55.26 for Edison International [EIX]. The present Moving Average for the last 50 days of trading for this stock 57.63, while it was recorded at 61.46 for the last single week of trading, and 67.47 for the last 200 days.
Edison International [EIX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Edison International [EIX] shares currently have an operating margin of +17.89 and a Gross Margin at +22.35. Edison International’s Net Margin is presently recorded at +10.40.
Return on Total Capital for EIX is now 6.99, given the latest momentum, and Return on Invested Capital for the company is 4.51. Return on Equity for this stock inclined to 10.81, with Return on Assets sitting at 2.12. When it comes to the capital structure of this company, Edison International [EIX] has a Total Debt to Total Equity ratio set at 147.30. Additionally, EIX Total Debt to Total Capital is recorded at 59.56, with Total Debt to Total Assets ending up at 30.44. Long-Term Debt to Equity for the company is recorded at 138.95, with the Long-Term Debt to Total Capital now at 56.19.
Reflecting on the efficiency of the workforce at the company, Edison International [EIX] managed to generate an average of $99,250 per employee. Receivables Turnover for the company is 8.83 with a Total Asset Turnover recorded at a value of 0.20.Edison International’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.
Edison International [EIX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Edison International posted 1.58/share EPS, while the average EPS was predicted by analysts to be reported at 1.13/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 39.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Edison International go to 3.30%.
An analysis of insider ownership at Edison International [EIX]
There are presently around $20,950 million, or 86.60% of EIX stock, in the hands of institutional investors. The top three institutional holders of EIX stocks are: BLACKROCK INC. with ownership of 31,082,204, which is approximately 5.141% of the company’s market cap and around 0.06% of the total institutional ownership; VANGUARD GROUP INC, holding 30,778,161 shares of the stock with an approximate value of $1.99 billion in EIX stocks shares; and STATE STREET CORP, currently with $1.79 billion in EIX stock with ownership of nearly 1.912% of the company’s market capitalization.
284 institutional holders increased their position in Edison International [NYSE:EIX] by around 25,406,309 shares. Additionally, 319 investors decreased positions by around 29,138,200 shares, while 105 investors held positions by with 268,962,907 shares. The mentioned changes placed institutional holdings at 323,507,416 shares, according to the latest SEC report filing. EIX stock had 64 new institutional investments in for a total of 4,808,677 shares, while 105 institutional investors sold positions of 5,483,660 shares during the same period.