Morgan Stanley Sticks to Their Hold Rating for Edison International

Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Edison International (NYSE:EIX) on Friday, setting a price target of $64, which is approximately 11.48% above the present share price of $57.41.

Byrd expects Edison International to post earnings per share (EPS) of $0.50 for the second quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Edison International, with an average price target of $70.25.
The analysts price targets range from a high of $87 to a low of $61.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.79 billion and a net profit of $386 million. The company's market cap is $20.91 billion.

According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate.

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.