Eaton Corporation PLC (ETN) : Zacks Investment Research ranks Eaton Corporation PLC (ETN) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.62, which indicates as a Hold.
Eaton Corporation PLC (ETN) : 12 investment research analysts covering Eaton Corporation PLC (ETN) have an average price target of $64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $73 and the lowest target is $59 for the short term. Analysts expect the variance to be within $4.59 of the average price.
Company shares have received an average consensus rating of Hold for the current week Eaton Corporation PLC (NYSE:ETN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.90 and $66.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.33, notching a gain of 0.93% for the day. The total traded volume was 3,085,563 . The stock had closed at $66.71 on the previous day.
In a related news, Mcguire Mark M, officer (See Remarks below.) of Eaton Corp Plc, unloaded 18,751 shares at an average price of $63.04 on June 7, 2016. The total amount of the transaction was worth $1,182,063, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.