Analyst Ratings for Eaton Corp. PLC (ETN)

Updated: 2017-07-28

Eaton Corp. PLC (NYSE:ETN) was awarded an average rating of Overweight from investment analysts following the stock. ETN had previously received a consensus rating of Overweight a month ago.

Of the 24 analysts covering the stock, 9 gave it a buy rating, 0 gave an overweight rating, 15 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

ETN was given price targets by several analysts. The most optimistic price target was 90, implying potential capital gains of 14.75 percent. The most pessimistic price target was 70, implying potential capital losses of -10.75 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.31 percent. The average change in earnings estimates over the last 90 days is 1.31 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.54 percent. If we look at the last 90 days instead, we find a net average change of 4.61 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ETN to grow at a rate of 8.18 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ETN is 2.23.

In the last 52-weeks, ETN has achieved a high of 81.63 and a low of 59.07. The current market price is above the trailing year's low by 32.77 percent, and 3.92 percent below the high. ETN has a price/earnings ratio of 18.26. Investors typically compare the P/E ratio to a company's peers in the industry. The ETN value stock report compares ETN to some of its peers using value stock charts. The stock has a market capitalization of $35.11 billion. ETN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.