Eaton Corporation PLC (ETN): Price Target and June Short Interest Disclosure

Eaton Corporation PLC (ETN) : The highest level Eaton Corporation PLC (ETN) is projected to reach is $72 for the short term and the lowest estimate is at $54. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $62.42 and the possibility the share price can swing is $5.5.

Eaton Corporation PLC (ETN) has witnessed a rise of 1.5% or 97,012 shares in its short figure. The short interest augmentation took it from 6,498,144 on June 15,2016 to 6,595,156 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1.4%. The days to cover are 2 given that the daily volume averaged 2,937,696 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Bernstein maintains its ratings on Eaton Corporation PLC (NYSE:ETN). In the latest research report, Bernstein raises the target price from $65 per share to $68 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on May 2, 2016.


Eaton Corporation PLC (NYSE:ETN): On Thursdays trading session , Opening price of the stock was $63.86 with an intraday high of $64.71. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $63.35. However, the stock managed to close at $63.8, a loss of 0.11% for the day. On the previous day, the stock had closed at $63.87. The total traded volume of the day was 3,706,491 shares.

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