Tuesday, September 22, 2020

Edison International [EIX] Revenue clocked in at $12.49 billion, down -31.65% YTD: What’s Next?

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Edison International [NYSE: EIX] price surged by 0.33 percent to reach at $0.17.

A sum of 2518919 shares traded at recent session while its average daily volume was at 2.67M shares. Edison International shares reached a high of $52.29 and dropped to a low of $51.04 until finishing in the latest session at $51.54.

The one-year EIX stock forecast points to a potential upside of 25.38. The average equity rating for EIX stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $69.07 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.

Seaport Global Securities have made an estimate for Edison International shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 15, 2020. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on May 11, 2020, representing the official price target for Edison International stock.

The Average True Range (ATR) for Edison International is set at 1.26, with the Price to Sales ratio for EIX stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 1.37.

EIX Stock Performance Analysis:

Edison International [EIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.52. With this latest performance, EIX shares dropped by -5.00% in over the last four-week period, additionally sinking by -13.73% over the last 6 months – not to mention a drop of -29.19% 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 43.12, with the RSI for the last a single of trading hit 42.60, and the three-weeks RSI is set at 43.89 for Edison International [EIX]. The present Moving Average for the last 50 days of trading for this stock 53.89, while it was recorded at 52.14 for the last single week of trading, and 62.23 for the last 200 days.

Insight into Edison International Fundamentals:

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 0.70 and a Current Ratio set at 0.80.

EIX Stock EPS

With the latest financial reports released by the company, Edison International posted 1.5/share EPS, while the average EPS was predicted by analysts to be reported at 1.58/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.10%. 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 1.40%.

Edison International [EIX] Insider Position Details

There are presently around $17,285 million, or 91.10% of EIX stock, in the hands of institutional investors. The top three institutional holders of EIX stocks are: VANGUARD GROUP INC with ownership of 38,055,337, which is approximately 23.644% of the company’s market cap and around 0.06% of the total institutional ownership; BLACKROCK INC., holding 34,383,237 shares of the stock with an approximate value of $1.77 billion in EIX stocks shares; and STATE STREET CORP, currently with $1.43 billion in EIX stock with ownership of nearly 0.637% of the company’s market capitalization.

311 institutional holders increased their position in Edison International [NYSE:EIX] by around 44,996,766 shares. Additionally, 269 investors decreased positions by around 32,916,557 shares, while 97 investors held positions by with 257,451,900 shares. The mentioned changes placed institutional holdings at 335,365,223 shares, according to the latest SEC report filing. EIX stock had 80 new institutional investments in for a total of 8,978,194 shares, while 66 institutional investors sold positions of 7,572,769 shares during the same period.

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