EIX stock: buy or sell?
November 19th, 2019
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States.
Should I buy EIX stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Edison International stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Edison International stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we collected 15 ratings published for EIX stock in the last 30 days. The general sentiment of these ratings is bullish for EIX stock, with 7 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-30||Royal Bank of Canada||n/a||Outperform|
|2019-8-16||Morgan Stanley||n/a||Equal Weight|
|2019-6-14||Morgan Stanley||n/a||Equal Weight|
|2019-5-29||Wells Fargo & Co||n/a||Market Perform|
|2019-5-16||Morgan Stanley||n/a||Equal Weight|
|2019-4-15||Wells Fargo & Co||Market Perform||Market Perform|
EIX stock analysis
Edison International declined a bad -0.88% and closed at $68.89.
Shares of Edison International ended today at $68.89 and declined a bad -0.88%. On Nov 1st EIX price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, EIX is in a short term uptrend after plotting its last bottom ($64.94, on November 8th) higher than the previous bottom, and its last top ($70.41, yesterday) also over the previous top. Now trading in between its last bottom and last top EIX might consolidate in a plain range, waiting to break out over $70.41 or down under $64.94.
After boosting a cool 5.42% in a week last week, Edison International closed this week at $68.89 and depreciated a disappointing -1.73%. Late October EIX collapsed a chilling -6.77% in just one week.
Since early November when EIX stock price broke up the SMA40w line, it gained $3.31 (5.05%). Since early June when SMA20w and SMA40w crossed up, EIX price gained $10.53 per share (18.04%).
EIX stock price history
EIX stock historical price chart
EIX stock reached 52-week highs on September at $76.01, and all-time highs 2017-11-15 with a price of 77.33.
EIX stock price target is $75.90Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 15 price predictions for EIX stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-30||Royal Bank of Canada||Raises Target||n/a||$79.00||-|
|2019-9-20||UBS Group||Raises Target||$77.00||$81.00||5.2%|
|2019-8-16||Morgan Stanley||Raises Target||$70.00||$72.00||2.9%|
|2019-8-12||SunTrust Banks||Raises Target||$80.00||$81.00||1.3%|
|2019-6-14||Morgan Stanley||Raises Target||$84.00||$87.00||3.6%|
|2019-5-29||Wells Fargo & Co||Reiterates||$75.00||$70.00||-6.7%|
|2019-5-16||Morgan Stanley||Raises Target||$83.00||$84.00||1.2%|
|2019-4-15||Wells Fargo & Co||Raises Target||$65.00||$75.00||15.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Edison International failed to meet the expectations of the experts and posted an ugly EPS of $0.94 per share when experts were expecting $1.00.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Edison International annual sales gained a slightly good 2.74% to $12,657.00 M dollars from $12,320.00 marked in 2017. Nonetheless, its profit margin (compared to sales) slipped to -3.34%, that is $-423.00 million.
|2013||$12,580 M||-||$879 M7.0%||-|
|2014||$13,413 M||6.62%||$1,612 M12.0%||83.39%|
|2015||$11,524 M||-14.08%||$1,020 M8.9%||-36.72%|
|2016||$11,869 M||2.99%||$1,311 M11.0%||28.53%|
|2017||$12,320 M||3.80%||$565 M4.6%||-56.90%|
|2018||$12,657 M||2.74%||$-423.00 M-3.3%||-174.87%|
Quarterly financial resultsEdison International posted $3,009.00 M in sales for 2018-Q4, a -29.52% less compared to previous quarter. Reported quarter income marked $-1,430.00 million with a profit margin of -47.52%. Profit margin plummed a -59.54% compared to previous quarter when profit margin was 12.02%. When comparing sales to same quarter last year, Edison International sales marked an awful slide and fell a -6.55%.
|2017-Q2||$2,970 M||-||$278.00 M9.4%||-|
|2017-Q3||$3,670 M||23.57%||$470.00 M12.8%||69.06%|
|2017-Q4||$3,220 M||-12.26%||$-545.00 M-16.9%||-215.96%|
|2018-Q1||$2,564 M||-20.37%||$218.00 M8.5%||-140.00%|
|2018-Q2||$2,815 M||9.79%||$276.00 M9.8%||26.61%|
|2018-Q3||$4,269 M||51.65%||$513.00 M12.0%||85.87%|
|2018-Q4||$3,009 M||-29.52%||$-1,430.00 M-47.5%||-378.75%|
|2019-Q1||$2,824 M||-6.15%||$278.00 M9.8%||-119.44%|
Edison International ownershipWhen you are planning to invest in a stock, it's always worth to check its ownership structure.
Edison International shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.06% of all shares.
Bearish positions for EIX stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$24.7 B||$44.8 B||$3.1 B||$25.1 B||$4.8 B|
|Total shares||358.1 M||494.0 M||66.7 M||540.3 M||109.0 M|
|Float shares||358.2 M||493.4 M||66.1 M||538.5 M||107.7 M|
|- Institutional holdings (%)||89.5%||75.8%||78.1%||0.0%||53.5%|
|- Insider holdings (%)||0.1%||0.0%||1.0%||4.2%||1.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$68.41 - $69.24|
|Average true range||$1.54|
|50d mov avg||$70.49|
|100d mov avg||$70.69|
|200d mov avg||$65.72|
Edison International performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We picked American Electric Power, Avista, FirstEnergy, Hawaiian Electric Industries, Pacific Gas & Electric, , Pinnacle West Capital, Portland General Electric, and Xcel Energy as the bechmarking frame for Edison International stock.
|PCGPacific Gas & Ele...||-37.95%||-63.62%||-71.27%|
|PNWPinnacle West Cap...||-7.11%||-8.81%||1.51%|
|PORPortland General ...||-0.18%||4.44%||20.07%|
Edison International competitorsWe picked a few stocks to conform a list of Edison International competitors to watch if you are interested in investing in EIX:
- American Electric Power (AEP)
- Avista (AVA)
- FirstEnergy (FE)
- Hawaiian Electric Industries (HE)
- Pacific Gas & Electric (PCG)
- Pinnacle West Capital (PNW)
- Portland General Electric (POR)
- Xcel Energy (XEL)
Latest EIX stock news
- InvestorPlace3 Big Stock Charts for Monday: Lowe’s, Netflix and Edison InternationalJuly 15, 2019
- InvestorPlace3 Big Stock Charts for Thursday: Viacom, Franklin Resources and Edison InternationalMarch 14, 2019