Eaton Co., PLC’s “Buy” Rating Reaffirmed at Citigroup Inc. (ETN)
Eaton Co., PLC (NYSE:ETN)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued on Tuesday. They currently have a $88.00 target price on the stock, up from their previous target price of $78.00. Citigroup Inc.’s target price indicates a potential upside of 11.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Eaton Co., PLC in a research note on Monday, April 28th. They now have a $78.00 price target on the stock. Analysts at Morgan Stanley cut their price target on shares of Eaton Co., PLC from $90.00 to $89.00 in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $81.19.
Shares of Eaton Co., PLC (NYSE:ETN) traded down 0.76% during mid-day trading on Tuesday, hitting $78.64. The stock had a trading volume of 846,460 shares. Eaton Co., PLC has a 52 week low of $61.23 and a 52 week high of $79.65. The stock’s 50-day moving average is $74.07 and its 200-day moving average is $73.82. The company has a market cap of $37.488 billion and a price-to-earnings ratio of 19.67.
Eaton Co., PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.01. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Eaton Co., PLC will post $4.77 EPS for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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