Edison International which can be found using ticker (EIX) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 82 and 50 and has a mean target at $70.62. Given that the stocks previous close was at $72.56 this would indicate that there is a downside of -2.7%. Also worth taking note is the 50 day moving average now sits at $68.06 and the 200 day moving average is $65.12. The total market capitalization for the company now stands at $27,871m. Company Website: https://www.edison.com
The potential market cap would be $27,125m based on the market consensus.
Edison International, through its subsidiaries, generates and distributes electric power. The company supplies electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. It also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe. The company’s transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 substations. Edison International was founded in 1886 and is headquartered in Rosemead, California.
The company has a dividend yield of 4.07% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 45.52, revenue per share of 45.2 and a 2.61% return on assets.
