Last Updated: 10 Nov 2024
Executive Summary
Edison International (EIX) is a leading public utility holding company with a market capitalization of $32.17 billion. The company's strong financial performance, including an EBITDA of $6.465 billion and an EPS of $3.42, has resulted in a PERatio of 24.3. EIX's dividend yield of 0.0375% and its analyst target price of $90.54 indicate a potential upside for investors.
Company Overview
Edison International is headquartered in Rosemead, California, and its subsidiaries include Southern California Edison and Edison Energy. The company provides electricity and other energy-related services to customers in Southern California. EIX's commitment to renewable energy and its focus on customer satisfaction have contributed to its strong reputation in the industry.
Fundamental Analysis
EIX's financial performance has been consistent, with revenue growth of 0.106% and earnings growth of 2.3% in the past quarter. The company's gross profit margin of 0.54% and operating margin of 0.203% indicate efficient operations. EIX's return on assets and equity are also positive, at 0.03% and 0.0741%, respectively.
Technical Analysis
EIX's stock price has been trading within a range of $59.63 to $87.97 over the past 52 weeks. The 50-day moving average of $84.99 and the 200-day moving average of $75.93 provide support and resistance levels for the stock. The current price of $83.1 is above both moving averages, indicating a bullish trend.
Short Term Outlook
In the short term, EIX's stock price is expected to continue its upward trend. The company's strong financial performance and positive analyst ratings suggest that the stock is undervalued at its current price. A breakout above the 52-week high of $87.97 could lead to further gains.
Long Term Outlook
The long-term outlook for EIX is also positive. The company's focus on renewable energy and its commitment to customer satisfaction position it well for future growth. The increasing demand for electricity and the transition to clean energy sources are expected to drive EIX's revenue and earnings in the coming years.
Analyst Recommendations
Analysts have a strong buy rating for EIX, with 5 analysts recommending a strong buy, 7 recommending a buy, and 7 recommending a hold. The average analyst target price of $90.54 represents a potential upside of 8.8% from the current price.
