Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Eaton (ETN) today and set a price target of $94.00. The company’s shares closed last Monday at $74.28, close to its 52-week low of $70.28.
According to TipRanks.com, Pokrzywinski is a 1-star analyst with an average return of -5.1% and a 37.9% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.
Currently, the analyst consensus on Eaton is a Moderate Buy with an average price target of $105.92, which is a 37.7% 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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The company has a one-year high of $105.78 and a one-year low of $70.28. Currently, Eaton has an average volume of 3.17M.
Based on the recent corporate insider activity of 50 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.
