Eaton Corporation PLC (ETN) : Analyst Rating Update

Eaton Corporation PLC (ETN) : 3 brokerage houses believe that Eaton Corporation PLC (ETN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eaton Corporation PLC (ETN). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.62.

Eaton Corporation PLC (ETN) : Average target price received by Eaton Corporation PLC (ETN) is $62.42 with an expected standard deviation of $5.47. The most aggressive target on the stock is $71, whereas the most downbeat target is $54. 12 financial analysts are currently covering the stock.

Eaton Corporation PLC (NYSE:ETN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.71 and $58.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.45, notching a gain of 1.24% for the day. The total traded volume was 3,073,660 . The stock had closed at $58.72 on the previous day.

Also, Bernstein maintains its rating on Eaton Corporation PLC (NYSE:ETN). The global brokerage major raises the current price target from $65 per share to $68 per share. Analysts at the Bernstein have a current rating of Market Perform on the shares. The rating by the firm was issued on May 2, 2016. The company shares have dropped -10.23% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $67.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $60.74 and the 200 Day Moving Average price is recorded at $58.07.

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