Impact of Brokerage Rating on Eaton Corporation, PLC(ETN)

Many Eaton Corporation, PLC(ETN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Eaton Corporation PLC Ordinary Shares was Downgraded by JP Morgan to Neutral on Feb 3, 2017. Eaton Corporation PLC Ordinary Shares was Initiated by Avondale on Feb 1, 2017 to Mkt Perform, Price Target of the shares are set at $72.Eaton Corporation PLC Ordinary Shares was Upgraded by BofA/Merrill to Buy on Jan 9, 2017. Eaton Corporation PLC Ordinary Shares was Upgraded by JP Morgan to Overweight on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Ken D Semelsberger (officer ) sold 19,913 shares at 69.15 per share price.On Nov 28, 2016, Deborah L Mccoy (director) sold 6,504 shares at 66.34 per share price.On Nov 22, 2016, Revathi Advaithi (officer ) sold 39,008 shares at 64.17 per share price.

Eaton Corporation PLC Ordinary Shares Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.10. The company had revenue of $4867.00 million for the quarter, compared to analysts expectations of $4909.42 million. The companys revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.

Eaton Corporation, PLC (NYSE:ETN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.44 by 17 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 12 Brokerage Firms have advised hold.

Eaton Corporation, PLC (NYSE:ETN) shares are expected to touch $70.77 in the short term. This short term price target has been shared by 13 analysts. However, the standard deviation of short term price estimate has been valued at 6.23. The target price could hit $81 on the higher end and $59 on the lower end.

Eaton Corporation, PLC (NYSE:ETN) witnessed a decline in the market cap on Tuesday as its shares dropped 0.26% or 0.19 points. After the session commenced at $72, the stock reached the higher end at $72.19 while it hit a low of $71.58. With the volume soaring to 2,083,863 shares, the last trade was called at $72.01. The company has a 52-week high of $72.26. The company has a market cap of $32,527 million and there are 451,700,000 shares in outstanding. The 52-week low of the share price is $53.51.

Eaton Corporation plc is a power management company. The Company is a provider of electrical products, systems and services for power distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. It serves the Agriculture and Forestry, Aviation, Community Infrastructure, Construction, Data Centers, Energy, Government & Military, Healthcare, Manufacturing & Industrial, Residential and Vehicles markets. Eaton Corporation plc, formerly known as Eaton Corporation Limited is headquartered in Cleveland, Ohio.


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