At the time of writing, Eaton Corporation plc [ETN] stock is trading at $371.23, up 3.80%. 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 9.14% over the last week, with a monthly amount glided 10.78%, and 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.
For the past year, the stock price of Eaton Corporation plc fluctuated between $239.17 and $379.99. Currently, Wall Street analysts expect the stock to reach $363 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $371.23 at the most recent close of the market. An investor can expect a potential drop of -2.22% based on the average ETN price forecast.
Analyzing the ETN fundamentals
According to Eaton Corporation plc [NYSE:ETN], the company’s sales were 24.61B for trailing twelve months, which represents an 7.91% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 364.85 points at the first support level, and at 358.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 377.77, and for the 2nd resistance point, it is at 384.31.
Ratios To Look Out For
It is important to note that Eaton Corporation plc [NYSE:ETN] has a current ratio of 1.53. Also, the Quick Ratio is 1.00, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 5.96, the price to book ratio is 7.67 and price to earnings (TTM) ratio is 39.48.
Transactions by insiders
Recent insider trading involved Thompson Dorothy C, Director, that happened on Aug 13 ’24 when 285.0 shares were sold. Director, PAGE GREGORY R completed a deal on Dec 13 ’24 to sell 10000.0 shares. Meanwhile, Director PAGE GREGORY R bought 10000.0 shares on Dec 13 ’24.
