Barclays Reaffirms Their Buy Rating on Edison International (EIX)
In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on Edison International, with a price target of $77.00.
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Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Edison International, and CMS Energy. According to TipRanks, Campanella has an average return of 11.8% and a 69.31% success rate on recommended stocks.
In addition to Barclays, Edison International also received a Buy from Bank of America Securities’s Ross Fowler in a report issued on April 20. However, on April 21, Morgan Stanley maintained a Sell rating on Edison International (NYSE: EIX).
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 43 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.
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