In the past week, ETN stock has gone down by -2.85%, with a monthly decline of -2.99% and a quarterly surge of 10.68%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 1.93% for Eaton Corporation plc The simple moving average for the last 20 days is -5.13% for ETN stock, with a simple moving average of 7.49% 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 37.04x. The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 7 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for ETN is 394.41M, and at present, short sellers hold a 1.23% of that float. On December 17, 2024, the average trading volume of ETN was 1.84M shares.
ETN) stock’s latest price update
Eaton Corporation plc (NYSE: ETN)’s stock price has plunge by -1.94relation to previous closing price of 355.15. Nevertheless, the company has seen a -2.85% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-13 that Eaton’s wide global presence, strong ROIC and initiative to increase shareholders’ value make it attractive, but our suggestion will be to hold the stock due to its premium valuation.
Analysts’ Opinion of ETN
Many brokerage firms have already submitted their reports for ETN stocks, with UBS repeating the rating for ETN by listing it as a “Buy.” The predicted price for ETN in the upcoming period, according to UBS is $431 based on the research report published on November 13, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ETN reach a price target of $389, previously predicting the price at $333. The rating they have provided for ETN stocks is “In-line” according to the report published on November 13th, 2024.
Bernstein gave a rating of “Outperform” to ETN, setting the target price at $382 in the report published on November 05th of the current year.
ETN Trading at -2.10% 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 -8.35% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -3.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.48% upper at present.
During the last 5 trading sessions, ETN fell by -3.41%, which changed the moving average for the period of 200-days by +16.76% in comparison to the 20-day moving average, which settled at $367.01. In addition, Eaton Corporation plc saw 44.61% 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 proposed sale 10,000 shares at the price of $355.98 back on Dec 13 ’24. After this action, PAGE GREGORY R now owns shares of Eaton Corporation plc, valued at $3,559,801 using the latest closing price.
Monesmith Heath B. sale 8,070 shares at $359.93 during a trade that took place back on Dec 09 ’24, which means that Monesmith Heath B. is holding 63,880 shares at $2,904,657 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- 0.19 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 0.15. 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 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 39.6.
Currently, EBITDA for the company is 4.96 billion with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 5.99. 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
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.
