Eaton Co., PLC Hits New 12-Month High at $79.98 (ETN)
Eaton Co., PLC (NYSE:ETN) reached a new 52-week high during mid-day trading on Monday , Analyst Ratings Network.com reports. The company traded as high as $79.98 and last traded at $79.20, with a volume of 2,439,130 shares. The stock had previously closed at $77.82.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Eaton Co., PLC in a research note on Thursday. They now have a $82.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Eaton Co., PLC from $85.00 to $88.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Eaton Co., PLC in a research note on Tuesday, June 24th. They now have a $88.00 price target on the stock, up previously from $78.00. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $81.87.
The stock’s 50-day moving average is $76.03 and its 200-day moving average is $74.26. The company has a market cap of $37.759 billion and a price-to-earnings ratio of 19.31.
Eaton Co., PLC (NYSE:ETN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Eaton Co., PLC will post $4.77 earnings per share for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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