Eaton Co., PLC Given New $84.00 Price Target at Robert W. Baird (ETN)
Research analysts at Robert W. Baird cut their target price on shares of Eaton Co., PLC (NYSE:ETN) from $86.00 to $84.00 in a report released on Thursday. Robert W. Baird’s price objective indicates a potential upside of 25.04% from the company’s current price.
ETN has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Eaton Co., PLC in a research note on Wednesday. They now have a $74.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Eaton Co., PLC in a research note on Wednesday. They now have a $79.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Eaton Co., PLC in a research note on Wednesday. They now have a $80.00 price target on the stock, down previously from $88.00. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Eaton Co., PLC has a consensus rating of “Buy” and a consensus price target of $80.35.
Shares of Eaton Co., PLC (NYSE:ETN) traded down 1.09% on Thursday, hitting $67.18. 4,525,619 shares of the company’s stock traded hands. Eaton Co., PLC has a 52-week low of $62.89 and a 52-week high of $79.98. The stock’s 50-day moving average is $76.60 and its 200-day moving average is $74.2. The company has a market cap of $31.971 billion and a P/E ratio of 20.34.
Eaton Co., PLC (NYSE:ETN) last announced its earnings results on Tuesday, July 29th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.15 by $0.04. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Eaton Co., PLC will post $4.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Monday, August 4th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, July 31st.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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