Eaton Corporation (NYSE:ETN) Buy Rating Reaffirmed Today By Credit Suisse; The PT is $92.0

January 23, 2018 - By Michael Collier

 Eaton Corporation (NYSE:ETN) Buy Rating Reaffirmed Today By Credit Suisse; The PT is $92.0

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dived, as 59 investors sold Eaton Corporation plc shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported.

Cornerstone Invest Prtnrs Ltd Liability Corp has 23,850 shares. Sfe Inv Counsel accumulated 10,894 shares. Pacific Alternative Asset Company Limited Liability Corporation holds 0.47% or 55,855 shares. Invesco Ltd invested 0.15% of its portfolio in Eaton Corporation plc (NYSE:ETN). Old Republic invested in 0.96% or 378,000 shares. Winslow Evans Crocker accumulated 3,344 shares. Meeder Asset Management Incorporated holds 0.08% in Eaton Corporation plc (NYSE:ETN) or 9,001 shares. Blue Chip Prtn stated it has 0.82% of its portfolio in Eaton Corporation plc (NYSE:ETN). Proshare Advsrs Lc holds 45,702 shares. Fifth Third Comml Bank accumulated 63,179 shares. 19,247 were accumulated by Cantab Ptnrs Llp. Zacks Investment invested in 606,856 shares. M&R Cap Mgmt holds 0.06% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 3,360 shares. Cue Financial Gp Inc accumulated 0.41% or 7,718 shares. Bessemer Gru has invested 0% of its portfolio in Eaton Corporation plc (NYSE:ETN).

Eaton Corporation (NYSE:ETN) Rating Reaffirmed

Research analysts at Credit Suisse now has a $92.0 TP on Eaton Corporation (NYSE:ETN). Credit Suisse and their recent TP would suggest a potential upside of 8.48 % from the company’s stock close price. The rating has been revealed to clients and investors in analysts report on Wednesday morning.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dived, as 59 investors sold Eaton Corporation plc shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported.

Cornerstone Invest Prtnrs Ltd Liability Corp has 23,850 shares. Sfe Inv Counsel accumulated 10,894 shares. Pacific Alternative Asset Company Limited Liability Corporation holds 0.47% or 55,855 shares. Invesco Ltd invested 0.15% of its portfolio in Eaton Corporation plc (NYSE:ETN). Old Republic invested in 0.96% or 378,000 shares. Winslow Evans Crocker accumulated 3,344 shares. Meeder Asset Management Incorporated holds 0.08% in Eaton Corporation plc (NYSE:ETN) or 9,001 shares. Blue Chip Prtn stated it has 0.82% of its portfolio in Eaton Corporation plc (NYSE:ETN). Proshare Advsrs Lc holds 45,702 shares. Fifth Third Comml Bank accumulated 63,179 shares. 19,247 were accumulated by Cantab Ptnrs Llp. Zacks Investment invested in 606,856 shares. M&R Cap Mgmt holds 0.06% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 3,360 shares. Cue Financial Gp Inc accumulated 0.41% or 7,718 shares. Bessemer Gru has invested 0% of its portfolio in Eaton Corporation plc (NYSE:ETN).

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. Eaton Corporation has $92.0 highest and $51 lowest target. $69.86’s average target is -17.63% below currents $84.81 stock price. Eaton Corporation had 77 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 30 by RBC Capital Markets. Robert W. Baird downgraded Eaton Corporation plc (NYSE:ETN) on Thursday, October 15 to “Neutral” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 12. Citigroup maintained Eaton Corporation plc (NYSE:ETN) on Thursday, February 4 with “Buy” rating. The stock of Eaton Corporation plc (NYSE:ETN) earned “Neutral” rating by William Blair on Thursday, October 15. Longbow upgraded the shares of ETN in report on Tuesday, April 4 to “Buy” rating. The company was maintained on Wednesday, January 3 by RBC Capital Markets. The stock has “Buy” rating by Bank of America on Monday, January 9. Bank of America downgraded the stock to “Neutral” rating in Thursday, July 14 report. The firm earned “Hold” rating on Wednesday, August 2 by Stifel Nicolaus.

The stock increased 0.53% or $0.45 during the last trading session, reaching $84.81. About 1.36 million shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since January 23, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on February, 1. They expect $1.24 EPS, up 10.71 % or $0.12 from last year’s $1.12 per share. ETN’s profit will be $546.34 million for 17.10 P/E if the $1.24 EPS becomes a reality. After $1.25 actual EPS reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -0.80 % negative EPS growth.

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $37.37 billion. The Company’s Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. It has a 13.36 P/E ratio. The companyÂ’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.

More notable recent Eaton Corporation plc (NYSE:ETN) news were published by: Benzinga.com which released: “Nissan-Eaton Partnership Another Example Of Tesla’s Innovation Impact” on May 12, 2016, also Marketwatch.com with their article: “Eaton Corp. PLC” published on July 20, 2009, Benzinga.com published: “A Few Positive Aspects Of Parker-Hannifin Already Priced In; Buckingham Downgrades” on January 19, 2018. More interesting news about Eaton Corporation plc (NYSE:ETN) were released by: Investorplace.com and their article: “Eaton Corporation: Manufacturing Safe Dividends Since 1923 (ETN)” published on May 12, 2016 as well as Benzinga.com‘s news article titled: “Your Easy Guide To Credit Suisse’s New Top Stocks List” with publication date: September 11, 2017.

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