EIX stock: buy or sell?

EIX stock price: $68.89 -0.88% At close on November 19th, 2019

Updated on:
November 19th, 2019

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Shares of Edison International ended today at $68.89 and declined a bad -0.88%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is EIX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4Barclaysn/aEqual Weight
2019-9-30Royal Bank of Canadan/aOutperform
2019-9-20UBS Groupn/aBuy
2019-9-18Citigroupn/aBuy
2019-8-16Morgan Stanleyn/aEqual Weight
2019-8-12SunTrust Banksn/aBuy
2019-6-4UBS GroupNeutralBuy
2019-6-25Mizuhon/aBuy
2019-6-20Barclaysn/aHold
2019-6-14Morgan Stanleyn/aEqual Weight
2019-6-10Mizuhon/aBuy
2019-5-29Wells Fargo & Con/aMarket Perform
2019-5-16Morgan Stanleyn/aEqual Weight
2019-5-14Barclaysn/aEqual Weight
2019-4-15Wells Fargo & CoMarket PerformMarket Perform

EIX stock analysis

Daily outlook

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.

EIX stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $75.90

Predicting 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:
EIX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-4BarclaysRaises Target$72.00$73.001.4%
2019-9-30Royal Bank of CanadaRaises Targetn/a$79.00-
2019-9-20UBS GroupRaises Target$77.00$81.005.2%
2019-9-18CitigroupReiterates$78.00$81.003.8%
2019-8-16Morgan StanleyRaises Target$70.00$72.002.9%
2019-8-12SunTrust BanksRaises Target$80.00$81.001.3%
2019-6-4UBS GroupUpgrades$67.00$72.007.5%
2019-6-25MizuhoRaises Target$75.00$76.001.3%
2019-6-20BarclaysReiteratesn/a$67.00-
2019-6-14Morgan StanleyRaises Target$84.00$87.003.6%
2019-6-10MizuhoRaises Target$72.00$75.004.2%
2019-5-29Wells Fargo & CoReiterates$75.00$70.00-6.7%
2019-5-16Morgan StanleyRaises Target$83.00$84.001.2%
2019-5-14BarclaysLowers Target$70.00$65.00-7.1%
2019-4-15Wells Fargo & CoRaises Target$65.00$75.0015.4%
(in average)$74.50$75.902.0%
Moving in a range from $87.00 and $65.00, the price forecast for EIX stock is $75.90.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
EIX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.89n/a
2017-Q32017-10-301.331.437.5%
2017-Q42018-02-220.931.118.3%
2018-Q12018-05-010.90.8-11.1%
2018-Q22018-07-260.820.842.4%
2018-Q32018-10-301.311.5619.1%
2018-Q42019-02-2810.94-6.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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.

EIX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$12,580 M-$879 M7.0%-
2014$13,413 M6.62%$1,612 M12.0%83.39%
2015$11,524 M-14.08%$1,020 M8.9%-36.72%
2016$11,869 M2.99%$1,311 M11.0%28.53%
2017$12,320 M3.80%$565 M4.6%-56.90%
2018$12,657 M2.74%$-423.00 M-3.3%-174.87%

Quarterly financial results

Edison 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%.
EIX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,970 M-$278.00 M9.4%-
2017-Q3$3,670 M23.57%$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 M9.79%$276.00 M9.8%26.61%
2018-Q3$4,269 M51.65%$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 ownership

When 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:

EIXAEPAVAFEHE
Market cap$24.7 B$44.8 B$3.1 B$25.1 B$4.8 B
Total shares358.1 M494.0 M66.7 M540.3 M109.0 M
Float shares358.2 M493.4 M66.1 M538.5 M107.7 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 selling0.0%0.0%0.0%0.0%0.0%

EIX summary

Tuesday, November 19th, 2019
Open$69.17
Close$68.89
Day range$68.41 - $69.24
Previous close$69.50
Session gain-0.88%
Average true range$1.54
50d mov avg$70.49
100d mov avg$70.69
200d mov avg$65.72
Daily patternlt06a
Weekly pattern

Edison International performance

To 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.
Stock3m6m12m
EIX-3.69%15.10%34.34%
AEPAmerican Electric...1.99%4.27%23.36%
AVAAvista2.00%11.98%-7.13%
FEFirstEnergy4.06%10.20%28.36%
HEHawaiian Electric...-0.25%4.99%19.97%
PCGPacific Gas & Ele...-37.95%-63.62%-71.27%
PNM-2.12%3.22%17.85%
PNWPinnacle West Cap...-7.11%-8.81%1.51%
PORPortland General ...-0.18%4.44%20.07%
SRE6.66%11.13%35.34%
XELXcel Energy-1.89%4.59%23.11%

Edison International competitors

We picked a few stocks to conform a list of Edison International competitors to watch if you are interested in investing in EIX:

Latest EIX stock news