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.

Investment analysts gave a few price targets for ETN. The most optimistic analyst gave a price target of 90, implying potential capital gains of 14.75 percent. The minimum price target given was 70, which equates to a potential downside of -10.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.31 percent. That number becomes 1.31 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. 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 trailing 52-weeks, ETN hit 81.63 at the highest peak, while it's lowest trading point was 59.07. The current market price is above the trailing year's low by 32.77 percent, and 3.92 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.