Expensive Market, What To Buy? MetLife, Inc. (MET), Edison International (EIX)

The shares of MetLife, Inc. (NYSE:MET) has been pegged with a rating of In-line by Evercore ISI in its latest research note that was published on July 16th, 2019. Evercore ISI wasn’t the only research firm that published a report of MetLife, Inc., with other equities research analysts also giving their opinion on the stock. Sandler O’Neill advised investors in its research note published on March 19th, 2019, to Hold the MET stock. The stock had earned Buy rating from BofA/Merrill when it published its report on January 16th, 2019. The stock was given Buy rating by Sandler O’Neill in its report released on January 2nd, 2019. Goldman was of a view that MET is Neutral in its latest report on June 4th, 2018. Credit Suisse thinks that MET is worth Outperform rating. This was contained in the firm’s report on April 25th, 2018 in which the stock’s price target was also moved to $67.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $53.53. The price of the stock the last time has raised by 24.28% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.45.

The shares of the company added by 2.27% during the trading session on Tuesday, reaching a low of $45.53 while ending the day at $46.93. During the trading session, a total of 6.35 million shares were traded which represents a -36.55% decline from the average session volume which is 4.65M shares. MET had ended its last session trading at 45.89. MetLife, Inc. currently has a market cap of $44.19B, while its P/E ratio stands at 7.71, while its P/E earnings growth sits at 0.67, with a beta of 1.09. MetLife, Inc. debt-to-equity ratio currently stands at 0.26, while its quick ratio hovers at . MET 52-week low price stands at $37.76 while its 52-week high price is $51.16.

The company in its last quarterly report recorded $1.38 earnings per share which is above the $1.34 predicted by most analysts. The MetLife, Inc. generated $16,454.00 million in revenue during the last quarter, which is slightly lower than the $16,549.30 million predicted by analysts. In the second quarter last year, the firm recorded $1.48 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -7.25%. MetLife, Inc. has the potential to record 6.08 EPS for the current fiscal year, according to equities analysts.

Investment analysts at UBS published a research note on June 4th, 2019 where it informed investors and clients that Edison International (NYSE:EIX) is now rated as Buy. Their price target on the stock stands at $72. Sandler O’Neill also rated EIX as Downgrade on March 19th, 2019, with its price target of $130 suggesting that EIX could surge by 2.88% from its current share price. Even though the stock has been trading at $73.07/share, analysts expect it to surge higher by 0.19% to reach $75.38/share. It started the day trading at $73.57 and traded between $72.76 and $73.21 throughout the trading session.

A look at its technical shows that EIX’s 50-day SMA is 67.85 while its 200-day SMA stands at 62.10. At the moment, only of Edison International shares were sold short. The company’s average trading volume currently stands at 2.82M shares, which means that the short-interest ratio is just 2.58 days. Over the past seven days, the company moved, with its shift of -0.22%. Looking further, the stock has raised 22.32% over the past 90 days while it gained 21.87% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more EIX shares, increasing its portfolio by +0.06% during the last quarter. This move now sees The Vanguard Group Inc purchasing 15,973 shares in the last quarter, thus it now holds 25,962,085 shares of EIX, with a total valuation of $1,935,213,816. SSgA Funds Management Inc meanwhile bought more EIX shares in the recently filed quarter, changing its stake to $1,835,135,816 worth of shares. Capital Research Management Co followed the path by decreasing its EIX portfolio by -1.03% in the quarter. This means that Capital Research Management Co sold -224,959 shares in the last quarter and now controls 21,652,899 shares of the EIX stock, with the valuation hitting $1,614,007,091.

Similarly, Wellington Management Co LLP decreased its Edison International shares by -8.51% during the recently filed quarter. After selling -1,242,606 shares in the last quarter, the firm now controls 13,361,664 shares of Edison International which are valued at $995,978,435. In the same vein, Macquarie Investment Management B increased its Edison International shares by during the most recent reported quarter. The firm bought 89,363 shares during the quarter which increased its stakes to 12,281,776 shares and is now valued at $915,483,583. Following these latest developments, around 0.06% of Edison International stocks are owned by institutional investors and hedge funds.