Edison International (EIX) has been the focus of significant market activity. The company’s stock recently achieved a 52-week high of $83.06, and growth was further encouraged by an analyst upgrade to an $88.00 price target by Evercore ISI. On multiple occasions over recent times, it has been observed that the stock, while rising, continues to underperform the market. Major market players have been adjusting their holdings: Brookstone Capital Management sold off 4,818 shares while Sumitomo Mitsui Trust Holdings added 9,600, and Assenagon Asset Management bought a significant 199,524 shares. Notably, Sequoia Financial Advisors has a $535,000 stock holding in the company. The company’s Q2 2024 earnings posted an increase year-over-year, with revenues reportedly beating expectations. Edison International has been predicted to post FY2024 earnings of $5.03 per share, a forecast issued by Zacks Research. Nevertheless, reports caution that returns on capital at the company seem to be slowing. The business has been hailed as a strong growth and momentum stock for the long term.
Edison International EIX News Analytics from Wed, 03 Jan 2024 14:32:12 GMT to Sun, 18 Aug 2024 17:18:04 GMT -
Rating 3
- Innovation 2
- Information 4
- Rumor 3
