Eaton Corporation PLC Reaches New 12-Month High at $71.16 (ETN)
Eaton Corporation PLC (NYSE:ETN) set a new 52-week high during trading on Thursday, AnalystRatingsNetwork reports. The stock traded as high as $71.16 and last traded at $70.91, with a volume of 2,739,531 shares. The stock had previously closed at $69.74.
A number of research firms have recently commented on ETN. Analysts at Morgan Stanley upgraded shares of Eaton Corporation PLC (NYSE:ETN) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 9th. They now have a $76.00 price target on the stock, up previously from $74.00. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Eaton Corporation PLC (NYSE:ETN) from $76.00 to $79.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group downgraded shares of Eaton Corporation PLC (NYSE:ETN) from a “strong-buy” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $72.00 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.90.
Eaton Corporation PLC has a 52 week low of $44.36 and a 52 week high of $70.07. The stock has a 50-day moving average of $66.18 and a 200-day moving average of $64.43. The company has a market cap of $33.547 billion and a P/E ratio of 20.99.
Eaton Corporation PLC (NYSE:ETN) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.11 by $0.02. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the company posted $1.15 earnings per share. Eaton Corporation PLC’s revenue was up 37.7% compared to the same quarter last year. On average, analysts predict that Eaton Corporation PLC will post $4.19 earnings per share for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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