A share price of Eaton Corporation plc [ETN] is currently trading at $360.56, up 0.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETN shares have gain 8.74% over the last week, with a monthly amount glided 6.60%, 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 November 05, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $382. Previously, Citigroup started tracking the stock with Buy rating on September 16, 2024, and set its price target to $348. On September 06, 2024, upgrade upgraded it’s rating to Peer Perform. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $370 on September 06, 2024. Raymond James initiated its recommendation with a Outperform and recommended $375 as its price target on June 28, 2024. Wolfe Research downgraded its rating to Underperform for this stock on April 08, 2024. In a note dated April 05, 2024, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $286 to $371.
Eaton Corporation plc experienced fluctuations in its stock price throughout the past year between $214.03 and $366.08. Currently, Wall Street analysts expect the stock to reach $243.05 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $360.56 at the most recent close of the market. An investor can expect a potential drop of -32.59% based on the average ETN price forecast.
Analyzing the ETN fundamentals
Trailing Twelve Months sales for Eaton Corporation plc [NYSE:ETN] were 24.61B which represents 7.91% growth. Gross Profit Margin for this corporation currently stands at 0.39% 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 0.1, Equity is 0.2 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 357.94 points at the first support level, and at 355.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 363.16, and for the 2nd resistance point, it is at 365.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Eaton Corporation plc [NYSE:ETN] is 1.53. On the other hand, the Quick Ratio is 1.00, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.79, the price to book ratio is 7.45 and price to earnings (TTM) ratio is 38.35.
Transactions by insiders
Recent insider trading involved ARNOLD CRAIG, below., that happened on Nov 06 ’24 when 61569.0 shares were sold. Officer, Szmagala Taras G. Jr. completed a deal on Nov 07 ’24 to buy 1360.0 shares. Meanwhile, Officer ARNOLD CRAIG bought 61659.0 shares on Nov 06 ’24.
