Why Edison International (NYSE:EIX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $79.59 on Edison International (NYSE:EIX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.90 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Edison International (NYSE:EIX) stands at 27.76.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Edison International Common Sto, the PEG ratio for coming 3-5 years is 7.47.

Technical Analysis

The technical analysis highlights that Edison International Common Sto current is trading $-1.68 points away or -2.19% from its 50-day moving average of $76.54. Further it is trading $3.32 or +4.64% away its 200-day moving average of $71.54.

The 52-week high of Edison International (NYSE:EIX) was $78.72 while lowest point recorded in 52-week was $56.68. It implies if stock price makes a movement of over $-3.86, it will record a new 52-week high. In the case of +32.07% drop, it will touch a new 52-week low.

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