Eaton Corporation plc [ETN] stock prices are up 0.35% to $345.11 at the moment. 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 3.99% over the last week, with a monthly amount drifted -7.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Evercore ISI downgraded its rating to In-line on November 13, 2024, and elevated its price target to $389. On November 05, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $382 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $348 on September 16, 2024. Wolfe Research upgraded its rating to a Peer Perform. Morgan Stanley started tracking with a Overweight rating for this stock on September 06, 2024, and assigned it a price target of $370. In a note dated June 28, 2024, Raymond James initiated an Outperform rating and provided a target price of $375 on this stock.
The stock price of Eaton Corporation plc [ETN] has been fluctuating between $234.20 and $379.99 over the past year. Currently, Wall Street analysts expect the stock to reach $366.67 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $345.11 at the most recent close of the market. An investor can expect a potential return of 6.25% based on the average ETN price forecast.
Analyzing the ETN fundamentals
The Eaton Corporation plc [NYSE:ETN] reported sales of 24.61B for trailing twelve months, representing a surge of 7.91%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.19%, 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 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 340.18 points at the first support level, and at 335.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 347.86, and for the 2nd resistance point, it is at 350.60.
Ratios To Look Out For
It’s worth pointing out that Eaton Corporation plc [NYSE:ETN]’s Current Ratio is 1.53. As well, the Quick Ratio is 1.00, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.54, the price to book ratio is 7.13 and price to earnings (TTM) ratio is 36.70.
Transactions by insiders
Recent insider trading involved PAGE GREGORY R, Director, that happened on Dec 13 ’24 when 10000.0 shares were sold. Director, PAGE GREGORY R completed a deal on Dec 13 ’24 to buy 10000.0 shares. Meanwhile, below. Monesmith Heath B. sold 8070.0 shares on Dec 09 ’24.
