The price-to-earnings ratio for Eaton Corporation plc (NYSE: ETN) is above average at 29.94x. The 36-month beta value for ETN is also noteworthy at 1.03. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
The public float for ETN is 397.16M, and at present, short sellers hold a 1.10% of that float. The average trading volume of ETN on August 05, 2024 was 2.29M shares.
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ETN) stock’s latest price update
Eaton Corporation plc (NYSE: ETN) has experienced a decline in its stock price by -2.88 compared to its previous closing price of 280.26. However, the company has seen a fall of -8.23% in its stock price over the last five trading days. zacks.com reported 2024-08-05 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
ETN’s Market Performance
Eaton Corporation plc (ETN) has seen a -8.23% fall in stock performance for the week, with a -14.24% decline in the past month and a -15.07% plunge in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are at 3.07% for ETN. The simple moving average for the past 20 days is -12.41% for ETN’s stock, with a -2.92% simple moving average for the past 200 days.
Analysts’ Opinion of ETN
Many brokerage firms have already submitted their reports for ETN stocks, with Raymond James repeating the rating for ETN by listing it as a “Outperform.” The predicted price for ETN in the upcoming period, according to Raymond James is $375 based on the research report published on June 28, 2024 of the current year 2024.
RBC Capital Mkts gave a rating of “Outperform” to ETN, setting the target price at $371 in the report published on April 05th of the current year.
ETN Trading at -14.54% 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 -21.15% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares sank -15.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.06% lower at present.
During the last 5 trading sessions, ETN fell by -9.39%, which changed the moving average for the period of 200-days by +26.90% in comparison to the 20-day moving average, which settled at $308.25. In addition, Eaton Corporation plc saw 13.03% 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 Monesmith Heath B., who sale 16,180 shares at the price of $334.64 back on May 16 ’24. After this action, Monesmith Heath B. now owns 70,350 shares of Eaton Corporation plc, valued at $5,414,545 using the latest closing price.
Denk Peter sale 2,416 shares at $331.84 during a trade that took place back on May 08 ’24, which means that Denk Peter is holding 5,086 shares at $801,735 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.38 for the gross margin
The net margin for Eaton Corporation plc stands at 0.15. The total capital return value is set at 0.14. Equity return is now at value 19.64, with 9.59 for asset returns.
Based on Eaton Corporation plc (ETN), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 36.75.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 2.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.92. The receivables turnover for the company is 4.65for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In summary, Eaton Corporation plc (ETN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
