E.On Se (EONGY) Lifted to “Buy” at Zacks Investment Research
E.On Se (NASDAQ:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $13.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.46% from the stock’s current price.
According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “
A number of other equities analysts have also commented on EONGY. Royal Bank Of Canada raised shares of E.On Se from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Berenberg Bank raised shares of E.On Se from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. E.On Se presently has an average rating of “Hold” and a consensus target price of $13.00.
Shares of E.On Se (EONGY) remained flat at $11.56 on Friday. 72,499 shares of the stock were exchanged. E.On Se has a 12-month low of $6.38 and a 12-month high of $11.60. The company’s 50 day moving average is $10.78 and its 200 day moving average is $9.04. The stock’s market capitalization is $25.05 billion.
E.On Se (NASDAQ:EONGY) last issued its earnings results on Wednesday, August 9th. The utilities provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.24. The business had revenue of $10.01 billion for the quarter. E.On Se had a net margin of 36.24% and a return on equity of 538.90%.
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E.On Se Company Profile
E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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