Ratings for Eaton Corp ETN were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 3 | 3 | 1 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 4 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $318.64, with a high estimate of $371.00 and a low estimate of $246.00. Observing a 17.85% increase, the current average has risen from the previous average price target of $270.38.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Eaton Corp among financial experts becomes clear 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 |
|---|---|---|---|---|---|
| Stephen Tusa | JP Morgan | Raises | Overweight | $325.00 | $279.00 |
| Brett Linzey | Mizuho | Raises | Buy | $355.00 | $340.00 |
| Nigel Coe | Wolfe Research | Announces | Underperform | $312.00 | - |
| Deane Dray | RBC Capital | Raises | Outperform | $371.00 | $286.00 |
| 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: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Eaton Corp. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eaton Corp compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Eaton Corp's stock. This analysis reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Eaton Corp's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Eaton Corp analyst ratings.
Unveiling the Story Behind 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 US.
Eaton Corp's Economic Impact: An Analysis
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, Eaton Corp showcased positive performance, achieving a revenue growth rate of 10.83% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Eaton Corp's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.05%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Eaton Corp's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.5% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.51, Eaton Corp adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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