E.On Se (NASDAQ:EONGY) Upgraded to Buy at Zacks Investment Research
E.On Se (NASDAQ:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $12.00 target price on the utilities provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 9.39% from the stock’s previous close.
According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “
EONGY has been the subject of several other reports. Jefferies Group LLC downgraded shares of E.On Se from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Berenberg Bank raised shares of E.On Se from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. E.On Se currently has an average rating of “Hold” and an average price target of $12.00.
Shares of E.On Se (NASDAQ:EONGY) traded up 2.24% during midday trading on Friday, hitting $10.97. The company had a trading volume of 81,368 shares. The company’s market capitalization is $23.61 billion. E.On Se has a 12-month low of $6.38 and a 12-month high of $11.00. The company’s 50-day moving average price is $9.87 and its 200 day moving average price is $8.53.
E.On Se (NASDAQ:EONGY) last released its quarterly earnings data on Wednesday, August 9th. The utilities provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.24. The company had revenue of $10.01 billion during the quarter. E.On Se had a net margin of 7.01% and a return on equity of 19,376.16%.
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E.On Se Company Profile
E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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