In a report issued on July 10, Deane Dray from RBC Capital reiterated a Hold rating on Eaton Corporation (NYSE: ETN), with a price target of $78. The company’s shares closed yesterday at $76.87.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.2% and a 59.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Emerson Electric Company, and General Electric.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton Corporation with a $82.83 average price target.
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The company has a one-year high of $89.85 and a one-year low of $69.82. Currently, Eaton Corporation has an average volume of 2.66M.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.
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Eaton Corp. Plc is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic and mechanical power. It operates through the following segments: Electrical Products, Electrical Systems and Services; Hydraulics; Aerospace and Vehicle.
