Eaton Corporation plc (ETN)
NYSE: ETN · Real-Time Price · USD
338.12
+2.48 (0.74%)
Dec 20, 2024, 4:00 PM EST - Market closed
Eaton Corporation Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Eaton Corporation stock have an average target of 367.72, with a low estimate of 280 and a high estimate of 440. The average target predicts an increase of 8.75% from the current stock price of 338.12.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ETN stock from 19 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 7 | 8 | 8 |
| Buy | 5 | 5 | 6 | 6 | 6 | 6 |
| Hold | 4 | 3 | 4 | 4 | 5 | 5 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 18 | 17 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $394 → $440 | Strong Buy | Maintains | $394 → $440 | +30.13% | Dec 9, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $400 → $440 | Strong Buy | Maintains | $400 → $440 | +30.13% | Dec 6, 2024 |
| Barclays | Barclays | Hold Maintains $320 → $353 | Hold | Maintains | $320 → $353 | +4.40% | Dec 5, 2024 |
| UBS | UBS | Strong Buy Initiates $330 → $431 | Strong Buy | Initiates | $330 → $431 | +27.47% | Nov 13, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $350 → $410 | Strong Buy | Maintains | $350 → $410 | +21.26% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
25.28B
from 23.20B
Increased by 9.00%
Revenue Next Year
27.27B
from 25.28B
Increased by 7.85%
EPS This Year
10.90
from 8.02
Increased by 35.95%
EPS Next Year
12.13
from 10.90
Increased by 11.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 26.5B | 29.2B | 31.5B | |||
| Avg | 25.3B | 27.3B | 29.2B | |||
| Low | 24.4B | 26.0B | 27.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 14.1% | 15.4% | 15.4% | |||
| Avg | 9.0% | 7.8% | 7.2% | |||
| Low | 5.2% | 2.8% | 1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.39 | 12.90 | 14.99 | ||
| Avg | 10.90 | 12.13 | 13.66 | ||
| Low | 10.54 | 10.69 | 12.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 42.1% | 18.4% | 23.6% | ||
| Avg | 35.9% | 11.3% | 12.5% | ||
| Low | 31.4% | -2.0% | 0.3% |
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.