Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Eaton Corp ETN in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Eaton Corp, revealing an average target of $309.8, a high estimate of $345.00, and a low estimate of $246.00. Marking an increase of 18.7%, the current average surpasses the previous average price target of $261.00.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Eaton Corp's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Equal-Weight | $300.00 | $250.00 |
| Brett Linzey | Mizuho | Raises | Buy | $340.00 | $300.00 |
| Andrew Obin | B of A Securities | Raises | Buy | $330.00 | $320.00 |
| Joe Ritchie | Goldman Sachs | Raises | Buy | $328.00 | $287.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $286.00 | $246.00 |
| Philip Buller | Berenberg | Raises | Buy | $345.00 | $200.00 |
| David Raso | Evercore ISI Group | Raises | Outperform | $308.00 | $262.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $246.00 | $220.00 |
| Timothy Thein | Citigroup | Raises | Buy | $310.00 | $270.00 |
| Chris Snyder | UBS | Raises | Buy | $305.00 | $255.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Eaton Corp. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Eaton Corp compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Eaton Corp's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Eaton Corp's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Eaton Corp analyst ratings.
All You Need to Know About Eaton Corp
Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment with its Ireland domicile, most of its operations are in the U.S.
Breaking Down Eaton Corp's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Eaton Corp's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 10.83%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Eaton Corp's net margin is impressive, surpassing industry averages. With a net margin of 15.84%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Eaton Corp's ROE stands out, surpassing industry averages. With an impressive ROE of 5.05%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.5%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.51.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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