Eaton Corporation plc [NYSE: ETN] traded at a high on Thursday, posting a 4.54 gain after which it closed the day’ session at $328.92.
The results of the trading session contributed to over 3155485 shares changing hands. Over the past one week, the price volatility of Eaton Corporation plc stands at 2.43% while the volatility over the past one month is 2.68%.
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The market cap for ETN stock reached $130.94 billion, with 399.40 million shares outstanding and 397.14 million shares in the current float. Compared to the average trading volume of 2.45M shares, ETN reached a trading volume of 3155485 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Eaton Corporation plc [ETN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETN shares is $350.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETN stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Eaton Corporation plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 16, 2024. The new note on the price target was released on September 06, 2024, representing the official price target for Eaton Corporation plc stock. Previously, the target price had yet another raise to $370, while Morgan Stanley analysts kept a Overweight rating on ETN stock.
The Average True Range (ATR) for Eaton Corporation plc is set at 9.20, with the Price to Sales ratio for ETN stock in the period of the last 12 months amounting to 5.42. The Price to Book ratio for the last quarter was 6.81, with the Price to Cash per share for the same quarter was set at 6.99. Price to Free Cash Flow for ETN in the course of the last twelve months was 43.37 with Quick ratio for the last quarter at 1.07.
How has ETN stock performed recently?
Eaton Corporation plc [ETN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.42. With this latest performance, ETN shares gained by 11.03% in over the last four-week period, additionally plugging by 6.17% over the last 6 months – not to mention a rise of 52.17% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETN stock in for the last two-week period is set at 70.86, with the RSI for the last a single of trading hit 80.51, and the three-weeks RSI is set at 64.25 for Eaton Corporation plc [ETN]. The present Moving Average for the last 50 days of trading for this stock 300.38, while it was recorded at 313.53 for the last single week of trading, and 293.68 for the last 200 days.
Eaton Corporation plc [ETN]: Deeper insight into the fundamentals
Eaton Corporation plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.56.
Earnings analysis for Eaton Corporation plc [ETN]
With the latest financial reports released by the company, Eaton Corporation plc posted 2.47/share EPS, while the average EPS was predicted by analysts to be reported at 2.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.13. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eaton Corporation plc go to 15.17%.
Insider trade positions for Eaton Corporation plc [ETN]
There are presently around $86.19%, or 86.37%% of ETN stock, in the hands of institutional investors. The top three institutional holders of ETN stocks are: VANGUARD GROUP INC with ownership of 36.92 million shares, which is approximately 9.232%. BLACKROCK INC., holding 28.77 million shares of the stock with an approximate value of $$9.02 billion in ETN stocks shares; and BLACKROCK INC., currently with $$6.9 billion in ETN stock with ownership which is approximately 5.5042%.
