Stock To Watch: Eaton Corporation, PLC (NYSE:ETN)


The leading market experts have placed a mean price target of $64.91 on Eaton Corporation, PLC (NYSE:ETN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.13 a share for the upcoming quarter and $4.28 for the current fiscal. Technical View The technical analysis of Eaton Corporation, PLC Ordinary plainly substantiates that the 50-day moving average of Eaton Corporation, PLC Ordinary is $60.76, and stock is hovering 1.16 or +1.91% distant from $60.76. It is noted that the 200-day MA is $58.17, and Eaton Corporation, PLC Ordinary stock is $3.75 or +6.44% off from this point. Eaton Corporation, PLC (NYSE:ETN) 52-week high is $66.61 and the 52-week low is $46.19. This explains if the stock moves $-4.69, it will post a 52-week high. In event of $+34.05% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Eaton Corporation, PLC Ordinary, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Eaton Corporation, PLC (NYSE:ETN) ratio came in at 15.02. The stock last ended the trading session at $61.92 and registered a market cap of $28.36B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Eaton Corporation, PLC (NYSE:ETN) PEG ratio is at 1.82.

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