Eaton Corporation PLC Stock Rating Reaffirmed by Oppenheimer (ETN)
Eaton Corporation PLC (NYSE:ETN)‘s stock had its “buy” rating restated by equities research analysts at Oppenheimer in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a $78.00 target price on the stock. Oppenheimer’s price objective would indicate a potential upside of 12.96% from the company’s current price.
A number of other analysts have also recently weighed in on ETN. Analysts at Barclays Capital raised their price target on shares of Eaton Corporation PLC from $66.00 to $71.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, 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. 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 assigned a buy rating to the company’s stock. Eaton Corporation PLC presently has an average rating of “Buy” and a consensus target price of $72.25.
Eaton Corporation PLC (NYSE:ETN) traded down 1.91% on Monday, hitting $67.73. The stock had a trading volume of 1,734,693 shares. Eaton Corporation PLC has a 52 week low of $44.36 and a 52 week high of $71.36. The stock’s 50-day moving average is $67.28 and its 200-day moving average is $65.02. The company has a market cap of $32.097 billion and a P/E ratio of 20.79.
Eaton Corporation PLC (NYSE:ETN) last announced its earnings results 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 $4.18 earnings per share for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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