Eaton Corporation PLC Price Target Increased to $71.00 by Analysts at Barclays Capital (ETN)
Research analysts at Barclays Capital increased their price target on shares of Eaton Corporation PLC (NYSE:ETN) from $66.00 to $71.00 in a report released on Monday, ARN reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price suggests a potential upside of 2.82% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Eaton Corporation PLC in a research note to investors on Tuesday, September 24th. They now have a $79.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Eaton Corporation PLC from $73.00 to $78.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Eaton Corporation PLC 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. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.25.
Shares of Eaton Corporation PLC (NYSE:ETN) traded down 2.16% on Monday, hitting $67.56. 1,425,157 shares of the company’s stock traded hands. Eaton Corporation PLC has a one year low of $44.36 and a one year high of $71.36. The stock has a 50-day moving average of $67.28 and a 200-day moving average of $65.02. The company has a market cap of $32.017 billion and a P/E ratio of 20.79.
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. Analysts expect that Eaton Corporation PLC will post $4.18 EPS for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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