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


The leading market experts have placed a mean price target of $67.00 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 $1.18 a share for the upcoming quarter and $4.29 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 $64.44, and stock is trading $3.51 points away or +5.45% from its 50-day moving average of $64.44. Further it is trading $6.54 or +10.66% away its 200-day moving average of $61.41. Eaton Corporation, PLC (NYSE:ETN) 52-week high is $68.18 and the 52-week low is $46.19.

This explains if the stock moves $-0.23, it will post a 52-week high. In event of +47.11% 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 16.77.

The stock last ended the trading session at $67.95 and registered a market cap of $30.90B. 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 1.94.

1 Chart Pattern Every Investor Should Know

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