HomeFinanceConsensus Analyst Estimated Price Target of $169.18 for Eaton Corporation plc (NYSE:ETN)...

Consensus Analyst Estimated Price Target of $169.18 for Eaton Corporation plc (NYSE:ETN) Stock

Oppenheimer raised the price target for the Eaton Corporation plc (NYSE:ETN) stock from “an Outperform” to “a Perform”. The rating was released on December 06, 2022, according to finviz. The research report from Wolfe Research has reiterated the stock to Outperform, with a price target set at $194. The stock was reiterated by Mizuho, who disclosed in a research note on February 07, 2022, to Buy and set the price objective to $195. In their research brief published February 07, 2022, Deutsche Bank analysts reiterated the Eaton Corporation plc stock to Buy with a price target of $189.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Eaton Corporation plc (NYSE:ETN) raised 1.74% to close Tuesday’s market session at $161.69, higher as compared to yesterday’s close. The stock price fluctuated between $156.60 and $162.52 throughout the trading session with the volume trading being 1588956 shares, which represented a significant variation when compared to the three months average volume of 1.77 million shares. The firm’s stock price fluctuated -0.44% within the last five trades and 2.26% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 17.94% in the last 6 months and 16.05% was added to its value over the previous 3 months. ETN stock is trading at a margin of 1.82%, 1.01% and 11.23% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

As of the close of trading, ETN deals in the Industrials domain. The stock is trading -3.47 percent below its 52-week high and 31.99 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 9.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Eaton Corporation plc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 14.00 percent and the profit margin is 11.40 percent, and the company has reported a gross margin of 32.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $62.80 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Eaton Corporation plc (NYSE:ETN) is 28.32. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.67. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.11 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.01, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Eaton Corporation plc shares are owned by insiders, and 85.10 percent are held by financial institutions. CHERUVATATH NANDAKUMAR, the below. at Eaton Corporation plc (ETN) has sold 5,322 shares of firm on Dec 08 at a price of $158.18 against the total amount of $0.84 million. In another inside trade, BRICKHOUSE BRIAN S, below. of Eaton Corporation plc (NYSE:ETN) sold 27,438 shares of the firm on Nov 04 for a total worth of $4.27 million at a price of $155.76. An inside trade which took place on Nov 03, below. of Eaton Corporation plc Okray Thomas B sold 6,736 shares of firm against total price of $1.05 million at the cost of $156.25 per share.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Post