A share price of Eaton Corporation plc [ETN] is currently trading at $348.49, up 2.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ETN shares have gain 3.43% over the last week, with a monthly amount glided 10.75%, and 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 September 16, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $348. Previously, Wolfe Research upgraded its rating to Peer Perform on September 06, 2024. On September 06, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $370 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $375 on June 28, 2024. Wolfe Research downgraded its rating to a Underperform. RBC Capital Mkts upgraded its rating to Outperform for this stock on April 05, 2024, and upped its price target to $371. In a note dated April 02, 2024, Barclays upgraded an Equal Weight rating on this stock and boosted its target price from $250 to $300.
Eaton Corporation plc experienced fluctuations in its stock price throughout the past year between $191.82 and $347.35. Currently, Wall Street analysts expect the stock to reach $236.1 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $348.49 at the most recent close of the market. An investor can expect a potential drop of -32.25% based on the average ETN price forecast.
Analyzing the ETN fundamentals
Trailing Twelve Months sales for Eaton Corporation plc [NYSE:ETN] were 24.14B which represents 8.25% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.19 and Total Capital is 0.14. 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 343.01 points at the first support level, and at 337.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 351.86, and for the 2nd resistance point, it is at 355.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Eaton Corporation plc [NYSE:ETN] is 1.56. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 7.22 and price to earnings (TTM) ratio is 38.33.
Transactions by insiders
Recent insider trading involved Thompson Dorothy C, Director, that happened on Sep 03 ’24 when 2205.0 shares were purchased. Director, Thompson Dorothy C completed a deal on Sep 03 ’24 to sell 2205.0 shares. Meanwhile, below Yelton Michael sold 3136.0 shares on Aug 29 ’24.
