Eaton (ETN) Stock Forecast & Price Target

$348.33

+7.23 (+2.12%)

(As of 10/17/2024 ET)

Eaton - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
4

Buy
13

Based on 17 Wall Street analysts who have issued ratings for Eaton in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 4 have given a hold rating, and 13 have given a buy rating for ETN.

Consensus Price Target

$340.06
-2.37% Downside

According to the 17 analysts' twelve-month price targets for Eaton, the average price target is $340.06. The highest price target for ETN is $385.00, while the lowest price target for ETN is $280.00. The average price target represents a forecasted downside of -2.37% from the current price of $348.33.

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ETN Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$340.06	$337.41	$323.06	$215.50
Forecasted Upside	-2.37% Downside	7.23% Upside	3.58% Upside	7.80% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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ETN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ETN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Eaton Stock vs. The Competition

Type	Eaton	Industrial Products Companies	S&P 500
Consensus Rating Score	2.76	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-2.37% Downside	33.10% Upside	6.34% Upside
News Sentiment Rating	Positive News See Recent ETN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/17/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$355.00 ➝ $365.00	+7.01%
10/7/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$315.00 ➝ $342.00	+2.54%
10/2/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$319.00 ➝ $327.00	-0.42%
9/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kaplowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$348.00	+13.80%
9/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$375.00 ➝ $365.00	+25.53%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$370.00	+29.51%
Get the Latest News and Ratings for ETN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Eaton and its competitors with MarketBeat's FREE daily newsletter.
9/6/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$357.00 ➝ $333.00	+12.96%
8/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$376.00 ➝ $371.00	+32.61%
7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$370.00 ➝ $385.00	+17.70%
5/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$240.00 ➝ $280.00	-12.64%
5/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$290.00 ➝ $350.00	+13.45%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$279.00 ➝ $325.00	+3.39%
3/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$320.00 ➝ $330.00	+9.68%
3/15/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$287.00 ➝ $328.00	+9.15%
3/6/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $345.00	+18.17%
2/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$255.00 ➝ $305.00	+12.63%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$188.00 ➝ $189.00	+19.02%
12/6/2022	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/2/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$157.00 ➝ $174.00	+14.75%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:41 AM ET.

Should I Buy Eaton Stock? ETN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 14, 2024. Please send any questions or comments about these Eaton pros and cons to contact@marketbeat.com.

Eaton
Bull Case

Here are some ways that investors could benefit from investing in Eaton Co. plc:

Eaton Co. plc has a strong return on equity of 21.45%, indicating efficient use of shareholder funds to generate profits.
Recent insider transactions show confidence in the company, with insiders owning a significant amount of stock and making strategic purchases.
The company's dividend payout ratio of 44.39% suggests a stable dividend policy, providing investors with a consistent income stream.
Eaton Co. plc's market cap of $133.15 billion reflects its position as a large-cap company, offering stability and potential for growth.
Institutional inflows from hedge funds and other investors indicate positive sentiment towards the company's future performance.

Eaton
Bear Case

Investors should be bearish about investing in Eaton Co. plc for these reasons:

The company's P/E ratio of 38.97 is relatively high, suggesting that the stock may be overvalued compared to its earnings potential.
Eaton Co. plc's 50-day moving average of $302.61 is below its 200-day moving average of $314.43, indicating a potential short-term bearish trend.
With a beta of 1.02, the stock's price is closely correlated with market movements, potentially exposing investors to higher volatility.
The company's debt-to-equity ratio of 0.44 may raise concerns about its financial leverage and ability to manage debt obligations.
While recent insider transactions show confidence, the overall insider ownership percentage of 0.53% is relatively low, signaling limited insider alignment with shareholders.

ETN Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Eaton is $340.06, with a high forecast of $385.00 and a low forecast of $280.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eaton in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ETN shares.
: According to analysts, Eaton's stock has a predicted downside of -2.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Eaton's stock had 1 upgrade by analysts.
: Eaton has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Mizuho, Morgan Stanley, Raymond James, Royal Bank of Canada, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Eaton more than other "industrial products" companies. The consensus rating score for Eaton is 2.76 while the average consensus rating score for "industrial products" companies is 2.62. Learn more on how ETN compares to other companies.