Eaton Corporation PLC Ordinary Shares (ETN) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 59 from a previous price target of $57 . RBC Capital Mkts advised their investors in a research report released on May 2, 2016.
Many Wall Street Analysts have commented on Eaton Corporation PLC Ordinary Shares. Eaton Corporation PLC Ordinary Shares was Downgraded by Longbow to ” Neutral” on Apr 4, 2016. Eaton Corporation PLC Ordinary Shares was Downgraded by Standpoint Research to ” Hold” on Feb 17, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $56 .
On the company’s financial health, Eaton Corporation PLC Ordinary Shares reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.85. The company had revenue of $4813.00 million for the quarter, compared to analysts expectations of $4777.55 million. The company’s revenue was down -7.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.01 EPS.
Eaton Corporation PLC Ordinary Shares opened for trading at $63.33 and hit $63.91 on the upside on Wednesday, eventually ending the session at $63.83, with a gain of 0.92% or 0.58 points. The heightened volatility saw the trading volume jump to 18,30,044 shares. Company has a market cap of $29,292 M.
In a different news, on Feb 23, 2016, Cynthia K Brabander (officer ) purchased 810 shares at $57.50 per share price. According to the SEC, on Dec 16, 2015, Deborah L Mccoy (director) sold 7,296 shares at $50.38 per share price. On Dec 16, 2015, Gregory R Page (director) purchased 1,000 shares at $50.39 per share price, according to the Form-4 filing with the securities and exchange commission.