Eaton Corp plc Now Covered by Analysts at Buckingham Research (ETN)
Research analysts at Buckingham Research assumed coverage on shares of Eaton Corp plc (NYSE:ETN) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on ETN. Analysts at Argus reiterated a “buy” rating on shares of Eaton Corp plc in a research note on Monday, August 4th. They now have a $81.00 price target on the stock, down previously from $84.00. Separately, analysts at Bernstein cut their price target on shares of Eaton Corp plc from $95.00 to $87.00 in a research note on Thursday, July 31st. Finally, analysts at Morgan Stanley cut their price target on shares of Eaton Corp plc from $90.00 to $88.00 in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $81.07.
Shares of Eaton Corp plc (NYSE:ETN) traded down 0.63% on Thursday, hitting $69.37. 2,198,550 shares of the company’s stock traded hands. Eaton Corp plc has a 52 week low of $64.57 and a 52 week high of $79.98. The stock has a 50-day moving average of $70.9 and a 200-day moving average of $73.60. The company has a market cap of $33.013 billion and a P/E ratio of 20.91.
Eaton Corp plc (NYSE:ETN) last announced its earnings results on Tuesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Eaton Corp plc will post $4.60 earnings per share for the current fiscal year.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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