The stock of Eaton Corporation plc (ETN) has gone down by -10.12% for the week, with a -8.63% drop in the past month and a -0.97% drop in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are 2.11% for ETN. The simple moving average for the last 20 days is -8.35% for ETN stock, with a simple moving average of 6.16% for the last 200 days.
Is It Worth Investing in Eaton Corporation plc (NYSE: ETN) Right Now?
Eaton Corporation plc (NYSE: ETN) has a price-to-earnings ratio that is above its average at 25.94x. and a 36-month beta value of 1.13. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 1 as “sell.”
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The average price predicted for Eaton Corporation plc (ETN) by analysts is $187.06, which is $23.49 above the current market price. The public float for ETN is 396.20M, and at present, short sellers hold a 1.15% of that float. On March 16, 2023, the average trading volume of ETN was 1.75M shares.
ETN) stock’s latest price update
Eaton Corporation plc (NYSE: ETN)’s stock price has decreased by -7.31 compared to its previous closing price of 171.83. However, the company has seen a fall of -10.12% in its stock price over the last five trading days. Barron’s reported on 08/01/22 that U.S. Manufacturing Growth Slows. But Investors Pile Into GE, Eaton, and Other Industrial Stocks.
Analysts’ Opinion of ETN
The stock of Eaton Corporation plc (ETN) has gone down by -10.12% for the week, with a -8.63% drop in the past month and a -0.97% drop in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are 2.11% for ETN. The simple moving average for the last 20 days is -8.35% for ETN stock, with a simple moving average of 6.16% for the last 200 days.
Analysts’ Opinion of ETN
Barclays, on the other hand, stated in their research note that they expect to see ETN reach a price target of $120. The rating they have provided for ETN stocks is “Underweight” according to the report published on May 24th, 2022.
Wolfe Research gave a rating of “Outperform” to ETN, setting the target price at $194 in the report published on February 07th of the previous year.
ETN Trading at -4.42% 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 -10.90% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares sank -7.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.48% upper at present.
During the last 5 trading sessions, ETN fell by -10.12%, which changed the moving average for the period of 200-days by +16.87% in comparison to the 20-day moving average, which settled at $173.09. In addition, Eaton Corporation plc saw 1.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETN starting from Faria Joao V, who sale 2,500 shares at the price of $178.26 back on Mar 09. After this action, Faria Joao V now owns 68,814 shares of Eaton Corporation plc, valued at $445,650 using the latest closing price.
Faria Joao V, the below. of Eaton Corporation plc, sale 2,500 shares at $176.71 during a trade that took place back on Mar 08, which means that Faria Joao V is holding 71,314 shares at $441,763 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- +15.62 for the present operating margin
- +33.28 for the gross margin
The net margin for Eaton Corporation plc stands at +11.86. Equity return is now at value 14.90, with 7.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
To sum up, Eaton Corporation plc (ETN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
