Eaton Corporation plc [ETN] stock prices are up 3.23% to $330.51 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ETN shares have gain 5.70% over the last week, with a monthly amount glided 11.38%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, Eaton completes first-of-its-kind clean energy project in Puerto Rico to power manufacturing and support the regional power grid. In a post published today on Yahoo Finance, New Eaton microgrid advances reliable, sustainable energy at its Arecibo facility and within the broader community.
From an analyst’s perspective:
Eaton Corporation plc [NYSE: ETN] stock has seen the most recent analyst activity on April 05, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $371 from $286. Previously, Barclays upgraded its rating to Equal Weight on April 02, 2024, and elevated its price target to $300. On October 06, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $230 on the stock. Wolfe Research downgraded its rating to a Peer Perform. JP Morgan initiated its recommendation with a Neutral and recommended $178 as its price target on June 06, 2023. Oppenheimer downgraded its rating to Perform for this stock on December 06, 2022. In a note dated May 24, 2022, Barclays downgraded an Underweight rating on this stock but restated the target price of $120.
The stock price of Eaton Corporation plc [ETN] has been fluctuating between $155.38 and $326.21 over the past year. Currently, Wall Street analysts expect the stock to reach $189.67 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $330.51 at the most recent close of the market. An investor can expect a potential drop of -42.61% based on the average ETN price forecast.
Analyzing the ETN fundamentals
The Eaton Corporation plc [NYSE:ETN] reported sales of 23.20B for trailing twelve months, representing a surge of 10.83%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 325.04 points at the first support level, and at 319.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 333.72, and for the 2nd resistance point, it is at 336.94.
Eaton Corporation plc [ETN] reported earnings per share of $2.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.47/share, meaning a difference of $0.08 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.47 per share as compared to estimates of $2.34 per share, a difference of $0.13 representing a surprise of 5.60%.
Ratios To Look Out For
It’s worth pointing out that Eaton Corporation plc [NYSE:ETN]’s Current Ratio is 1.51. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 5.69, the price to book ratio is 6.93 and price to earnings (TTM) ratio is 41.20.
Transactions by insiders
Recent insider trading involved Monesmith Heath B., below., that happened on Mar 11 ’24 when 13027.0 shares were sold. below., Szmagala Taras G. Jr. completed a deal on Mar 01 ’24 to sell 8157.0 shares. Meanwhile, below Yelton Michael sold 2615.0 shares on Mar 01 ’24.
