Goldman Sachs Sticks to Their Hold Rating for Edison International (EIX)
In a report released yesterday, Carly Davenport from Goldman Sachs maintained a Hold rating on Edison International, with a price target of $78.00. The company’s shares closed yesterday at $71.35.
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According to TipRanks, Davenport is a 3-star analyst with an average return of 5.5% and a 62.69% success rate. Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, NextEra Energy, and Eversource Energy.
Currently, the analyst consensus on Edison International is a Hold with an average price target of $72.36.
Based on Edison International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.21 billion and a net profit of $1.85 billion. In comparison, last year the company earned a revenue of $3.98 billion and had a net profit of $408 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EIX in relation to earlier this year. Last month, Jill Charlotte Anderson, the EVP, SCE of EIX sold 6,885.00 shares for a total of $514,088.33.
Read More on EIX:
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