Eaton Corporation plc (ETN) Just Got Our Attention – News Heater
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Eaton Corporation plc (ETN) Just Got Our Attention

Eaton Corporation plc (NYSE:ETN) went down by -4.72% from its latest closing price compared to the recent 1-year high of $175.72. The company’s stock price has collected -3.82% of loss in the last five trading sessions. MarketWatch.com reported on 02/07/22 that Beat inflation with 3 stocks that bet against oil in favor of EVs and the renewable-power grid

Is It Worth Investing in Eaton Corporation plc (NYSE :ETN) Right Now?

Eaton Corporation plc (NYSE:ETN) scored a price-to-earnings ratio above its average ratio, recording 25.54 x from its present earnings ratio. Plus, the 36-month beta value for ETN is at 1.15. Opinions of the stock are interesting as 16 analysts out of 25 who provided ratings for Eaton Corporation plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $174.75, which is $32.47 above the current price. ETN currently public float of 397.80M and currently shorts hold a 1.05% ratio of that float. Today, the average trading volume of ETN was 2.07M shares.

ETN’s Market Performance

ETN stocks went down by -3.82% for the week, with a monthly drop of -2.89% and a quarterly performance of -6.94%, while its annual performance rate touched -3.28%. The volatility ratio for the week stands at 3.93% while the volatility levels for the past 30 days are set at 3.03% for Eaton Corporation plc. The simple moving average for the period of the last 20 days is -3.20% for ETN stocks with a simple moving average of -11.58% for the last 200 days.

Analysts’ Opinion of ETN

Many brokerage firms have already submitted their reports for ETN stocks, with Wolfe Research repeating the rating for ETN by listing it as a “Outperform.” The predicted price for ETN in the upcoming period, according to Wolfe Research is $194 based on the research report published on February 07th of the current year 2022.

Mizuho, on the other hand, stated in their research note that they expect to see ETN reach a price target of $195, previously predicting the price at $200. The rating they have provided for ETN stocks is “Buy” according to the report published on February 07th, 2022.

Deutsche Bank gave a rating of “Buy” to ETN, setting the target price at $189 in the report published on February 07th of the current year.

ETN Trading at -5.29% from the 50-Day Moving Average

After a stumble in the market that brought ETN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.77% of loss for the given period.

Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.63% lower at present.

During the last 5 trading sessions, ETN fell by -3.82%, which changed the moving average for the period of 200-days by -9.65% in comparison to the 20-day moving average, which settled at $145.57. In addition, Eaton Corporation plc saw -18.42% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ETN starting from Faria Joao V, who sale 11,852 shares at the price of $150.00 back on Mar 08. After this action, Faria Joao V now owns 67,924 shares of Eaton Corporation plc, valued at $1,777,800 using the latest closing price.

Pianalto Sandra, the Director of Eaton Corporation plc, purchase 243 shares at $151.58 during a trade that took place back on Feb 08, which means that Pianalto Sandra is holding 800 shares at $36,835 based on the most recent closing price.

Stock Fundamentals for ETN

Current profitability levels for the company are sitting at:

  • +14.62 for the present operating margin
  • +32.17 for the gross margin

The net margin for Eaton Corporation plc stands at +10.92. Equity return is now at value 13.80, with 6.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.

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