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 a possible profit of 14.75 percent. The minimum price target given was 70, which equates to a potential downside of -10.75 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.31 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 1.31 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.54 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 4.61 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, 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.

ETN has an estimated earnings growth rate of 8.18 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Currently the stock is 32.77 percent higher than its low, 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 stock has a market capitalization of $35.11 billion. ETN will post this quarters earnings in days, on 0000-00-00.