In a report released today, Sophie Karp from KeyBanc maintained a Hold rating on Edison International (EIX – Research Report). The company’s shares closed yesterday at $67.42.
Karp covers the Utilities sector, focusing on stocks such as Duke Energy, Consolidated Edison, and Northwestern. According to TipRanks, Karp has an average return of 3.0% and a 48.98% success rate on recommended stocks.
Currently, the analyst consensus on Edison International is a Moderate Buy with an average price target of $73.57.
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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
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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.
Read More on EIX:
- Edison International Engages Investors with New Presentation
- EIX Earnings this Week: How Will it Perform?
- Edison International price target raised to $81 from $78 at UBS
- Edison International price target lowered to $75 from $76 at Mizuho
- Guggenheim Says Utilities Stocks Are a Smart Bet for 2024 – Here Are 3 Names to Consider
