Extremely important positive changes in investment behavior have recently occurred for Edison International (NYSE: EIX): the stock rose on very heavy volume, and positive upside/downside volume developed.
Edison International (NYSE: EIX). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EIX is expected to continue to be an important Value Builder.
Edison International has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Edison International has a neutral Appreciation Score of 60 but a good Power Rating of 75, leading to the Positive Value Trend Rating.
Recent Price Action
Edison International (NYSE: EIX) stock closed at $87.03 on 8/30/24 after a modest gain of 0.6%. Moreover, trading volume in this advance was exceptionally high at 200% of normal. The stock has risen 3.2% during the last week and has been strong relative to the market over the last nine months.
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