Barclays analyst Julian Mitchell maintained a Hold rating on Eaton (ETN) yesterday and set a price target of $92.00. The company’s shares closed last Monday at $75.92, close to its 52-week low of $74.29.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 6.8% and a 62.8% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.
Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $107.69, implying a 37.6% upside from current levels. In a report issued on March 3, RBC Capital also maintained a Hold rating on the stock with a $91.00 price target.
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Eaton’s market cap is currently $31.39B and has a P/E ratio of 14.45. The company has a Price to Book ratio of 1.95.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral 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, Vehicle and eMobility.
