Barclays Sticks to Their Hold Rating for Edison International (EIX)

In a report released today, Nicholas Campanella from Barclays maintained a Hold rating on Edison International (EIX – Research Report), with a price target of $75.00. The company’s shares closed yesterday at $71.28.

Campanella covers the Utilities sector, focusing on stocks such as CMS Energy, Pnm Resources, and American Electric Power. According to TipRanks, Campanella has an average return of 4.5% and a 64.88% success rate on recommended stocks.

In addition to Barclays, Edison International also received a Hold from KeyBanc’s Sophie Karp in a report issued yesterday. However, on April 19, RBC Capital maintained a Buy rating on Edison International (NYSE: EIX).

Based on Edison International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.95 billion and a net profit of $354 million. In comparison, last year the company earned a revenue of $4.01 billion and had a net profit of $241 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Edison International (EIX) Company Description:

Founded in 1886 and based in California, Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies.