Eaton Upgraded by Buckingham Research to Buy (ETN)
Buckingham Research upgraded shares of Eaton (NYSE: ETN) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports.
ETN has been the subject of a number of other recent research reports. Analysts at Longbow Research reiterated a buy rating on shares of Eaton in a research note to investors on Thursday. They now have a $73.00 price target on the stock. Separately, analysts at Barclays Capital downgraded shares of Eaton from an overweight rating to an equal weight rating in a research note to investors on Thursday. They now have a $67.00 price target on the stock, down previously from $68.00. Finally, analysts at TheStreet reiterated a buy rating on shares of Eaton in a research note to investors on Tuesday, March 12th.
Thirteen equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and seven have issued a hold rating to the stock. Eaton currently has a consensus rating of overweight and an average price target of $67.83.
Eaton (NYSE: ETN) opened at 62.57 on Thursday. Eaton has a 1-year low of $36.38 and a 1-year high of $63.81. The stock’s 50-day moving average is currently $60.41. The company has a market cap of $29.477 billion and a price-to-earnings ratio of 18.08.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 22nd. Stockholders of record on Monday, March 11th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%.
Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.