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.

A number of analysts gave price targets for ETN. The highest price target was 90, which equates to a potential upside of 14.75 percent. The most pessimistic price target was 70, which equates to a potential downside of -10.75 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.31 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.31 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.54 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.61 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 5 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of ETN's earnings is estimated by analysts to be 8.18 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. ETN has a PEG ratio of 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 below the high by 3.92 percent. 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 market cap of ETN is $35.11 billion. ETN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.