A share price of Eaton Corporation plc [ETN] is currently trading at $318.42, up 1.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETN shares have gain 1.00% over the last week, with a monthly amount drifted -1.86%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Eaton Corporation plc [NYSE: ETN] stock has seen the most recent analyst activity on June 28, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $375. Previously, Wolfe Research downgraded its rating to Underperform on April 08, 2024. On April 05, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $371 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $300 on April 02, 2024. JP Morgan upgraded its rating to a Overweight but $230 remained the price target by the analyst firm on October 06, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on July 11, 2023. In a note dated June 06, 2023, JP Morgan initiated an Neutral rating and provided a target price of $178 on this stock.
Eaton Corporation plc experienced fluctuations in its stock price throughout the past year between $191.82 and $345.19. Currently, Wall Street analysts expect the stock to reach $200.5 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $318.42 at the most recent close of the market. An investor can expect a potential drop of -37.03% based on the average ETN price forecast.
Analyzing the ETN fundamentals
Trailing Twelve Months sales for Eaton Corporation plc [NYSE:ETN] were 23.66B which represents 8.39% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, 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 of0.51.
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 314.50 points at the first support level, and at 310.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 320.80, and for the 2nd resistance point, it is at 323.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Eaton Corporation plc [NYSE:ETN] is 1.56. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.38, the price to book ratio is 6.60 and price to earnings (TTM) ratio is 37.58.
Transactions by insiders
Recent insider trading involved Monesmith Heath B., below., that happened on May 16 ’24 when 16180.0 shares were sold. below., Denk Peter completed a deal on May 08 ’24 to sell 2416.0 shares. Meanwhile, below. Monesmith Heath B. sold 13027.0 shares on Mar 11 ’24.
