Eaton (ETN) Stock Forecast & Price Target

$375.36 -2.05 (-0.54%)

(As of 08:01 PM 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

$357.83
-4.67% Downside

According to the 17 analysts' twelve-month price targets for Eaton, the average price target is $357.83. The highest price target for ETN is $431.00, while the lowest price target for ETN is $280.00. The average price target represents a forecasted downside of -4.67% from the current price of $375.36.

Get the Latest News and Ratings for ETN and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Eaton and its competitors.

ETN Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
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)	6 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	$357.83	$340.06	$328.00	$219.23
Forecasted Upside	-4.67% Downside	-1.29% Downside	10.76% Upside	-4.15% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

One coin could soar when Trump’s elected … (Ad)

Donald Trump wants to be America’s first crypto president. He was the keynote speaker at the recent Bitcoin conference in Nashville … Where he told an adoring crowd that the U.S. would become … “The crypto capital of the planet and the Bitcoin superpower of the world.”

Click here to find out more about what could be Trump and JD Vance’s favorite coin.

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	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-5.19% Downside	37.47% Upside	7.66% 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
11/13/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$350.00 ➝ $410.00	+10.65%
11/13/2024	UBS Group 4 of 5 stars	A. Mehrotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy ➝ Buy	$330.00 ➝ $431.00	+16.40%
11/13/2024	Evercore ISI 2 of 5 stars	D. Raso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Inline	$333.00 ➝ $389.00	+5.41%
11/5/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Dillard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$382.00	+15.36%
11/1/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$365.00 ➝ $385.00	+15.35%
11/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$374.00 ➝ $374.00	+12.44%
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.
11/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$327.00 ➝ $320.00	-3.33%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$315.00 ➝ $342.00	+2.54%
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%
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
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%
3/15/2024	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%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:21 PM 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 Friday, November 22, 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:

The stock has received multiple "buy" ratings from analysts, indicating strong confidence in its future performance. Recent reports show a consensus rating of "Moderate Buy" with a price target averaging $357.83.
Eaton Co. plc recently announced a quarterly dividend of $0.94, which translates to an annualized dividend of $3.76 and a yield of 1.01%. This consistent dividend payout can provide a steady income stream for investors.
Analysts from Bank of America and UBS Group have significantly raised their price targets for Eaton, with UBS setting a target of $431.00, suggesting potential for substantial price appreciation.
Insider trading activity shows a recent increase in positions, with a reported 8% increase in holdings, which can indicate confidence from those who know the company best.
Eaton Co. plc operates as a power management company, a sector that is increasingly important as global energy needs evolve, positioning the company for long-term growth.

Eaton
Bear Case

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

Despite the positive outlook from some analysts, others have downgraded their ratings, such as Evercore ISI, which moved from "outperform" to "inline," indicating a more cautious approach to the stock's potential.
Insider selling has been notable, with 68,705 shares sold recently, amounting to over $24 million. This could signal a lack of confidence among insiders regarding the stock's short-term performance.
The stock has experienced price target reductions from firms like Barclays, which lowered its target from $327.00 to $320.00, suggesting some analysts see limited upside in the near term.
The current dividend payout ratio is 40.00%, which, while sustainable, indicates that a significant portion of earnings is being returned to shareholders rather than reinvested in growth opportunities.
Market volatility and economic uncertainties could impact Eaton's performance, especially in the power management sector, which is sensitive to changes in energy policies and market demand.

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 $357.83, with a high forecast of $431.00 and a low forecast of $280.00.
: 17 Wall Street 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 analysts is that investors should "moderate buy" ETN shares.
: According to analysts, Eaton's stock has a predicted downside of -4.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Eaton's stock had 1 upgrade and 1 downgrade by analysts.
: Eaton has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, Mizuho, Morgan Stanley, Raymond James, Royal Bank of Canada, Sanford C. Bernstein, UBS Group, 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 2.58. Learn more on how ETN compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

25X predicted for “Amazon Coin” – starting December 16th? (Ad)

This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the #1 Crypto of 2024

>3-Cent Amazon Coin<

This page (NYSE:ETN) was last updated on 11/25/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Eaton (ETN) Stock Forecast & Price Target