Oppenheimer analyst Christopher Glynn assigned a Buy rating to Eaton (ETN) yesterday and set a price target of $145.00. The company’s shares closed last Monday at $134.24.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 17.0% and a 66.8% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Wesco International.
Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $135.67, representing a 2.8% upside. In a report issued on February 16, HSBC also upgraded the stock to Buy with a $140.00 price target.
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The company has a one-year high of $133.92 and a one-year low of $56.42. Currently, Eaton has an average volume of 2.06M.
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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, Vehicle and eMobility. The Electrical Products segment consists of electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The Electrical Systems and Services segment consists of power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The Hydraulics segment includes hydraulics components, systems and services for industrial and mobile equipment. The Aerospace segment is produces aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment engages in designing, manufacturing, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. The company was founded on May 10, 2012 and is headquartered in Dublin, Ireland.
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