Eaton Corporation plc (ETN)
NYSE: ETN · IEX Real-Time Price · USD
313.28
+0.91 (0.29%)
At close: Jul 2, 2024, 4:00 PM
312.95
-0.33 (-0.11%)
After-hours: Jul 2, 2024, 7:20 PM EDT
Eaton Corporation Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Eaton Corporation stock have an average target of 309.94, with a low estimate of 185 and a high estimate of 375. The average target predicts a decrease of -1.07% from the current stock price of 313.28.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ETN stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 8 | 8 | 7 | 7 |
| Buy | 3 | 3 | 3 | 4 | 4 | 5 |
| Hold | 6 | 5 | 5 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 17 | 17 | 16 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $375 | Buy | Initiates | $375 | +19.70% | Jun 28, 2024 |
| HSBC | HSBC | Hold Maintains $240 → $280 | Hold | Maintains | $240 → $280 | -10.62% | May 3, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $290 → $350 | Strong Buy | Maintains | $290 → $350 | +11.72% | May 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $279 → $325 | Buy | Maintains | $279 → $325 | +3.74% | May 1, 2024 |
| Mizuho | Mizuho | Strong Buy Reiterates $340 → $355 | Strong Buy | Reiterates | $340 → $355 | +13.32% | May 1, 2024 |
Financial Forecast
Revenue This Year
25.35B
from 23.20B
Increased by 9.29%
Revenue Next Year
27.20B
from 25.35B
Increased by 7.29%
EPS This Year
10.62
from 8.02
Increased by 32.36%
EPS Next Year
11.76
from 10.62
Increased by 10.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6B | 29.1B | 31.6B | 34.9B | 38.6B |
| Avg | 25.4B | 27.2B | 29.2B | 32.5B | 35.4B |
| Low | 24.4B | 25.7B | 27.4B | 30.5B | 32.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.8% | 14.6% | 16.2% | 19.5% | 18.6% |
| Avg | 9.3% | 7.3% | 7.3% | 11.5% | 8.7% |
| Low | 5.2% | 1.4% | 0.8% | 4.4% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.30 | 13.01 | 14.66 | 15.60 | 17.18 |
| Avg | 10.62 | 11.76 | 13.25 | 15.01 | 16.52 |
| Low | 10.18 | 9.84 | 10.82 | 14.56 | 16.03 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 40.9% | 22.6% | 24.6% | 17.7% | 14.5% |
| Avg | 32.4% | 10.8% | 12.7% | 13.2% | 10.1% |
| Low | 27.0% | -7.3% | -8.0% | 9.9% | 6.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.