Eaton Corporation plc (NYSE:ETN) does about 2.11M shares in volume on a normal day but saw 3150910 shares change hands in Monday trading. The company now has a market cap of 130.57B USD. Its current market price is $326.51, marking an increase of 0.68% compared to the previous close of $324.30. The 52 week high reached by this stock is $331.47 whilst the lowest price level in 52 weeks is $162.04.
Eaton Corporation plc (ETN) has a 20-day trading average at $316.83 and the current price is -1.50% off the 52-week high compared with 101.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $305.08 and its 200-day simple moving average is $246.03. If we look at the stock’s price movements over the week, volatility stands at 2.28%, which increases to 2.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.96 to suggest the stock is neutral.
The consensus objective for the share price is $324.48, suggesting that the stock has a potential downside of -0.63% over the period.
RBC Capital Mkts upgraded the stock to “Outperform” from Sector Perform on April 05, 2024 at a price target of $286-$371. Barclays upgraded its price target at $250-$300.
Eaton Corporation plc (ETN) stock is up 5.98% over the week and 4.42% over the past month. Its price is 35.58% year-to-date and 94.39% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -0.63 percent from here.
The company has a return on investment of 11.57% and return on equity of 17.85%. The price to earnings ratio (P/E ratio) amounts to 40.70 while the forward price to earnings ratio is 28.39. The beta has a value of 1.07. Price to book ratio is 6.85 and price to sales ratio is 5.63.
