Eaton Corporation plc (NYSE: ETN) has a price-to-earnings ratio of 35.89x that is above its average ratio. Additionally, the 36-month beta value for ETN is 1.01. 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 394.33M and currently, short sellers hold a 0.99% ratio of that float. The average trading volume of ETN on November 06, 2024 was 2.01M shares.
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ETN) stock’s latest price update
Eaton Corporation plc (NYSE: ETN)’s stock price has soared by 1.92 in relation to previous closing price of 331.13. Nevertheless, the company has seen a loss of -2.34% in its stock price over the last five trading days. investors.com reported 2024-11-05 that DuPont delivered best its earnings gain since Q3 2021 amid AI technology ramps. The post ‘Old Economy’ Stocks Surge On AI-Fueled Earnings, Data Tailwinds appeared first on Investor’s Business Daily.
ETN’s Market Performance
ETN’s stock has fallen by -2.34% in the past week, with a monthly rise of 0.85% and a quarterly rise of 21.54%. The volatility ratio for the week is 2.24% while the volatility levels for the last 30 days are 1.79% for Eaton Corporation plc The simple moving average for the last 20 days is -1.21% for ETN’s stock, with a simple moving average of 8.80% for the last 200 days.
Analysts’ Opinion of ETN
Citigroup, on the other hand, stated in their research note that they expect to see ETN reach a price target of $348. The rating they have provided for ETN stocks is “Buy” according to the report published on September 16th, 2024.
ETN Trading at 4.03% 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 -3.51% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +0.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.66% upper at present.
During the last 5 trading sessions, ETN fell by -2.34%, which changed the moving average for the period of 200-days by +38.37% in comparison to the 20-day moving average, which settled at $341.62. In addition, Eaton Corporation plc saw 40.14% 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 PAGE GREGORY R, who sale 4,000 shares at the price of $335.30 back on Nov 01 ’24. After this action, PAGE GREGORY R now owns 51,422 shares of Eaton Corporation plc, valued at $1,341,208 using the latest closing price.
Thompson Dorothy C, the Director of Eaton Corporation plc, purchase 2,205 shares at $300.30 during a trade that took place back on Sep 03 ’24, which means that Thompson Dorothy C is holding 2,205 shares at $662,162 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
- 0.39 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 20.11, with 9.85 for asset returns.
Based on Eaton Corporation plc (ETN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 39.1.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 1.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.81. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, Eaton Corporation plc (ETN) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
