Edison International (EIX) Shares Gap Down on Analyst Downgrade


Consolidated Edison, Inc. has a fifty-two week low of $69.33 and a fifty-two week high of $89.58. The firm has fifty days moving average percentage of 1.79% to its latest price change. Edison had 48 analyst reports since August 3, 2015 according to SRatingsIntel. Mizuho reiterated a "buy" rating and issued a $87.00 price target (up previously from $84.00) on shares of Edison International in a research note on Wednesday, August 23rd. They issued a "buy" rating and a $92.00 price target on the stock. Suntrust Robinson maintained it with "Buy" rating and $71 target in Monday, October 19 report.

The stock of Edison International (NYSE:EIX) hit a new 52-week low and has $62.30 target or 9.00 % below today's $68.46 share price. The rating was initiated by Credit Suisse with "Neutral" on Wednesday, January 20. Morgan Stanley maintained the stock with "Equal-Weight" rating in Friday, September 8 report.

Quarterly dividends of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock and $0.29875 per share on the 4.78% series of cumulative preferred stock. Microsoft Corp Com now has $635.37B valuation. The stock has been active on the tape, now trading at $68.72, down from yesterday's close by -1.83%. About 37,733 shares traded.

Edison International (EIX) has an Analysts' Mean Recommendation of 2.3. It has outperformed by 17.82% the S&P500. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission). The company has a market capitalization of $22,806.78, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.23. The firm generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. Also, it has an estimated price-earnings (P/E) multiple of 16.07 and a trailing 12-month price-earnings (P/E) multiple of 15.7. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. During the same period last year, the firm earned $1.51 earnings per share. research analysts anticipate that Consolidated Edison, Inc. will post 4.09 EPS for the current year. They expect $0.94 EPS, down 6.93% or $0.07 from last year's $1.01 per share. The low EPS estimate is $-0.02, while the high EPS estimate is $0.11. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

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Investors sentiment increased to 1.21 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It increased, as 28 investors sold EIX shares while 177 reduced holdings. 69 funds opened positions while 179 raised stakes. 263.50 million shares or 0.35% more from 262.59 million shares in 2017Q1 were reported.

TRADEMARK VIOLATION NOTICE: "Edison International (NYSE:EIX) Position Reduced by Dynamic Technology Lab Private Ltd" was originally reported by StockNewsTimes and is the property of of StockNewsTimes. Tarbox Family Office accumulated 54 shares or 0% of the stock. Trust Of Vermont owns 410 shares for 0% of their portfolio. Nikko Asset Mgmt Americas Inc reported 1,400 shares. San Francisco Sentry Invest Group Incorporated (Ca) accumulated 122 shares or 0% of the stock. Jaffetilchin Ltd Llc holds 6,096 shares or 0.16% of its portfolio.

The financial condition of the company with an ROA of 2.50% indicates how profitable (NYSE:ED) is relative to its total assets.

Gradient Ltd Limited Liability Company holds 0% or 412 shares. Levin Capital Strategies Limited Partnership invested in 0.02% or 3,728 shares. Edison International (EIX) has a market cap of $22.43 billion and over the last 12 months, Edison International (NYSE:EIX) has gone weaker by -0.19%. Calamos Advisors Limited Liability Corp reported 53,245 shares. Amalgamated Bancorporation holds 0.09% of its portfolio in Edison International (NYSE:EIX) for 35,902 shares. Also, insider Gaddi H. Vasquez sold 3,657 shares of the stock in a transaction dated Friday, March 31st. The short ratio in the company's stock is documented at 2.21 and the short float is around of 1.18%. Edison International (NYSE:EIX) has risen 12.39% since December 6, 2016 and is uptrending.