Eaton Corporation PLC PT Raised to $85.00 (ETN)
Stock analysts at Robert W. Baird increased their price target on shares of Eaton Corporation PLC (NYSE:ETN) from $79.00 to $85.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. Robert W. Baird’s price target would indicate a potential upside of 12.91% from the company’s current price.
Shares of Eaton Corporation PLC (NYSE:ETN) traded down 0.34% during mid-day trading on Tuesday, hitting $75.28. 2,330,001 shares of the company’s stock traded hands. Eaton Corporation PLC has a 52-week low of $55.00 and a 52-week high of $77.00. The stock’s 50-day moving average is $73.54 and its 200-day moving average is $69.19. The company has a market cap of $35.720 billion and a P/E ratio of 21.97.
Eaton Corporation PLC (NYSE:ETN) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.03. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company posted $1.07 earnings per share. Eaton Corporation PLC’s revenue was up 41.9% compared to the same quarter last year. On average, analysts predict that Eaton Corporation PLC will post $4.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ETN. Analysts at Atlantic Securities upgraded shares of Eaton Corporation PLC from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $89.00 price target on the stock, up previously from $79.00. Separately, analysts at MKM Partners raised their price target on shares of Eaton Corporation PLC from $75.00 to $81.00 in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Eaton Corporation PLC from $76.00 to $82.00 in a research note to investors on Wednesday, November 20th. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $77.05.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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