Eaton Corporation plc (ETN) Stock Forecast & Predictions

Eaton Corporation plc ETN: $141.15

, Eaton Hse, 30 Pembroke Road, Ireland. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.eaton.com/

  • Market Cap$56.23B
  • Change (52 Weeks)83.31%
  • Low (52 Weeks)$69.18
  • Eaton Corporation plc (ETN) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Eaton Corporation plc (ETN) stock price is $141.15 and the 52 weeks low is $69.18, which means the Eaton Corporation plc stock price is up 83.31% in the last 12 months.

    Eaton Corporation plc (ETN) Stock Price has been Trending Strongly with an ADX reading of 36.09 as per the Weekly Chart.

    A Upward trend indicates that Eaton Corporation plc (ETN) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that ETN Stock price might rise further, 18.75% indicating that ETN Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ETN stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Eaton Corporation plc (ETN) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Eaton Corporation plc (ETN) is based on 28 Institutional Analyst Ratings where 42.86% are on Strong Buy, 28.57% on Moderate Buy, 28.57% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 28 Institutional Analysts, majority recommended ETN stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Eaton Corporation plc.

    Eaton Corporation plc (ETN) Stock Price Prediction By Analysts


    HighLowAverage
    $168.00$126.25$147.79
    $147.794.7% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for ETN set by the institutional analysts is $147.79 where High Estimate is $168.00, Median $146.37 and Low $126.25.

    The average price target for ETN by Institutional Analysts is $147.79, which is 4.7% Upside from the current price. So according to the Institutional Analysts, ETN Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Eaton Corporation plc (ETN) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ETN, it shows that Eaton Corporation plc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ETN stock price may surge in the next few weeks.

    Eaton Corporation plc (ETN) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    BerenbergBuyUpgraded
    Morgan StanleyOverweightUpgraded
    HSBCBuyUpgraded
    RBC CapitalSector PerformMaintained
    OppenheimerOutperformMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    BerenbergHoldInitiated
    RBC CapitalSector PerformMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    B of A SecuritiesNeutralDowngraded
    KeyBancSector WeightDowngraded
    UBSBuyMaintained
    Stephens & Co.Equal-WeightDowngraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganNeutralDowngraded
    Deutsche BankBuyMaintained
    Gordon HaskettBuyUpgraded
    CitigroupBuyMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightUpgraded
    Deutsche BankBuyMaintained
    UBSBuyUpgraded
    Gordon HaskettHoldUpgraded
    Stephens & Co.OverweightMaintained
    BarclaysEqual-WeightUpgraded
    Vertical ResearchBuyUpgraded
    Wells FargoOverweightMaintained
    Deutsche BankBuyUpgraded
    Credit SuisseOutperformMaintained
    BairdNeutralMaintained
    BairdNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    KeyBancSector WeightDowngraded
    Wolfe ResearchOutperformUpgraded
    Bank of AmericaBuyUpgraded
    Wells FargoOverweightMaintained
    UBSNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldDowngraded
    HSBCHoldDowngraded
    Morgan StanleyEqual-WeightMaintained
    Wells FargoOutperformMaintained
    KeyBancOverweightMaintained
    Credit SuisseOutperformMaintained
    BairdNeutralMaintained
    OppenheimerOutperformUpgraded
    Vertical GroupHoldDowngraded
    BairdNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightUpgraded
    Wells FargoOutperformMaintained
    Vertical ResearchBuyUpgraded
    BarclaysUnderweightMaintained
    Stephens & Co.OverweightInitiated
    CitigroupBuyMaintained
    BarclaysUnderweightMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    Credit SuisseOutperformInitiated
    Deutsche BankBuyMaintained
    UBSBuyUpgraded
    Morgan StanleyEqual-WeightInitiated
    Deutsche BankBuyMaintained
    JP MorganOverweightUpgraded
    BarclaysUnderweightMaintained
    Bank of AmericaBuyUpgraded
    Evercore ISI GroupOutperformUpgraded
    BarclaysUnderweightDowngraded
    Stifel NicolausBuyMaintained
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    Goldman SachsBuyUpgraded
    JefferiesBuyUpgraded
    Bank of AmericaNeutralUpgraded
    JP MorganNeutralUpgraded
    BarclaysEqual-WeightInitiated
    Stifel NicolausBuyUpgraded
    UBSNeutralInitiated
    CitigroupBuyMaintained
    JefferiesHoldMaintained
    BuckinghamNeutralInitiated
    Bank of AmericaUnderperformDowngraded
    CitigroupBuyMaintained
    Morgan StanleyOverweightMaintained
    Wolfe ResearchPeer PerformInitiated
    Morgan StanleyOverweightMaintained
    JMP SecuritiesMarket PerformInitiated
    Longbow ResearchBuyUpgraded
    JP MorganNeutralDowngraded
    Vertical ResearchHoldDowngraded
    JP MorganOverweightUpgraded
    Aegis CapitalBuyInitiated
    HSBCBuyInitiated
    KeyBancSector WeightDowngraded
    Argus ResearchBuyUpgraded
    ArgusBuyUpgraded
    BarclaysEqual-WeightMaintained
    Bank of AmericaNeutralDowngraded
    Buckingham ResearchNeutralMaintained
    BernsteinMarket PerformMaintained
    Longbow ResearchNeutralDowngraded
    Standpoint ResearchHoldDowngraded
    CitigroupBuyMaintained
    Standpoint ResearchBuyInitiated
    BernsteinMarket PerformDowngraded
    Credit SuisseOutperformMaintained
    CLSAUnderperformInitiated
    William BlairNeutralDowngraded
    BairdNeutralDowngraded
    Avondale PartnersMarket PerformInitiated
    BarclaysEqual-WeightDowngraded
    Vertical ResearchBuyUpgraded
    BarclaysOverweightMaintained
    JP MorganOverweightUpgraded
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    RBC CapitalSector PerformInitiated
    BarclaysOverweightMaintained
    BarclaysOverweightUpgraded
    Buckingham ResearchNeutralMaintained
    BarclaysEqual-WeightMaintained
    OppenheimerMarket PerformDowngraded
    Morgan StanleyOverweightMaintained
    Argus ResearchBuyMaintained
    ArgusBuyMaintained
    JP MorganNeutralDowngraded
    Deutsche BankHoldDowngraded
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    CitigroupBuyMaintained
    Morgan StanleyOverweightMaintained
    NomuraBuyInitiated
    Stifel NicolausBuyMaintained
    MKM PartnersNeutralDowngraded
    Buckingham ResearchNeutralDowngraded
    Morgan StanleyOverweightUpgraded
    ISI GroupBuyDowngraded
    Credit SuisseOutperformMaintained
    Deutsche BankBuyInitiated
    Deutsche BankBuyInitiated
    Stifel NicolausBuyMaintained
    Morgan StanleyEqual-WeightInitiated
    BarclaysEqual-weightDowngraded
    JP MorganOverweightMaintained
    Credit SuisseOutperformInitiated
    BarclaysOverweightMaintained
    JefferiesHoldMaintained
    UBSNeutralMaintained
    Stifel NicolausBuyMaintained
    Buckingham ResearchNeutralDowngraded
    BarclaysOverweightMaintained
    ISI GroupBuyUpgraded
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    Credit SuisseNeutralMaintained
    JefferiesHoldMaintained
    BarclaysOverweightMaintained
    JP MorganOverweightMaintained
    OppenheimerOutperformMaintained
    BarclaysOverweightMaintained
    UBSNeutralMaintained
    OppenheimerOutperformMaintained
    Credit SuisseNeutralMaintained
    BarclaysOverweightMaintained
    JP MorganOverweightMaintained
    JefferiesHoldDowngraded
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    Stifel NicolausBuyInitiated
    UBSNeutralMaintained
    JefferiesBuyMaintained

    Eaton Corporation plc (ETN) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.297
    The average consensus EPS for ETN is $1.297 with a high estimate of $1.502 and Low of $1.156 for the period 2021-06-30 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.18$1.05526822020-09-30


    The latest average Earning Per Share Estimate for Eaton Corporation plc is $1.30, which is higher than ETN's last EPS, $1.18. This means that Analysts are expecting Eaton Corporation plc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Eaton Corporation plc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.18$1.05526822020-09-30
    $0.7$0.53563332020-06-30
    $1.09$1.08012432020-03-31
    $1.37$1.41938332019-12-31
    $1.52$1.52606962019-09-30
    $1.53$1.52491822019-06-30
    $1.26$1.25466242019-03-31
    $1.46$1.4447042018-12-31
    $1.43$1.4467242018-09-30
    $1.39$1.33998722018-06-30
    $1.1$1.08126562018-03-31
    $1.29$1.22221112017-12-31
    $1.25$1.26101532017-09-30
    $1.15$1.16904472017-06-30
    $0.96$0.88513372017-03-31
    $1.12$1.11146462016-12-31
    $1.15$1.15732869999999992016-09-30
    $1.07$1.07931632016-06-30
    $0.88$0.85854042016-03-31
    $1.17$1.10860630000000022015-12-31
    $0.97$1.00945462015-09-30
    $1.16$1.14498650000000012015-06-30
    $1.01$0.99389052015-03-31
    $1.27$1.21163642014-12-31
    $1.29$1.24573400000000012014-09-30
    $1.11$1.13690652014-06-30
    $1.01$1.0117172014-03-31
    $1.08$1.07089292013-12-31
    $1.12$1.1347352013-09-30
    $1.09$1.11934262013-06-30
    $0.84$0.79309242013-03-31
    $0.82$0.93454292012-12-31
    $1.07$1.10209182012-09-30
    $1.15$1.09711252012-06-30
    $0.92$0.9068792012-03-31
    $1.08$1.12003952011-12-31
    $1.08$1.09416332011-09-30
    $0.97$0.96375212011-06-30
    $0.84$0.80944432011-03-31
    $0.845$0.84334999999999992010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).