Stock Rating Upgrade
In the last week the Value Trend Rating for Edison International (NYSE: EIX) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/1/24, Edison International (NYSE: EIX) stock declined by -2.2%, closing at $66.55. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has performed in line with the market over the last nine months and has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns 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 C (Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock's attractiveness. Edison International has a good Appreciation Score of 71 but a slightly negative Power Rating of 38, triggering the Neutral Value Trend Rating.