Eaton Corporation plc (ETN)
NYSE: ETN · IEX Real-Time Price · USD
326.51
+2.21 (0.68%)
At close: Apr 29, 2024, 4:00 PM
330.00
+3.49 (1.07%)
Pre-market: Apr 30, 2024, 8:24 AM EDT
Eaton Corporation Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Eaton Corporation stock have an average target of 288.38, with a low estimate of 185 and a high estimate of 371. The average target predicts a decrease of -11.68% from the current stock price of 326.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ETN stock from 16 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 8 | 7 |
| Buy | 4 | 3 | 3 | 3 | 3 | 4 |
| Hold | 7 | 6 | 6 | 5 | 5 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 15 | 15 | 14 | 17 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold → Sell Downgrades $312 | Hold → Sell | Downgrades | $312 | -4.44% | Apr 8, 2024 |
| RBC Capital | RBC Capital | Hold → Buy Upgrades $286 → $371 | Hold → Buy | Upgrades | $286 → $371 | +13.63% | Apr 5, 2024 |
| Barclays | Barclays | Sell → Hold Upgrades $250 → $300 | Sell → Hold | Upgrades | $250 → $300 | -8.12% | Apr 2, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $300 → $340 | Strong Buy | Maintains | $300 → $340 | +4.13% | Mar 20, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $320 → $325 | Strong Buy | Maintains | $320 → $325 | -0.46% | Mar 18, 2024 |
Financial Forecast
Revenue This Year
25.23B
from 23.20B
Increased by 8.75%
Revenue Next Year
27.08B
from 25.23B
Increased by 7.33%
EPS This Year
10.35
from 8.02
Increased by 29.05%
EPS Next Year
11.52
from 10.35
Increased by 11.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6B | 28.8B | 31.6B | 32.4B | 31.3B |
| Avg | 25.2B | 27.1B | 29.1B | 29.9B | 30.1B |
| Low | 23.7B | 25.8B | 27.5B | 27.8B | 29.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.5% | 14.3% | 16.7% | 11.3% | 4.6% |
| Avg | 8.8% | 7.3% | 7.4% | 2.8% | 0.7% |
| Low | 2.3% | 2.4% | 1.4% | -4.4% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.97 | 12.79 | 14.26 | 14.96 |
| Avg | 10.35 | 11.52 | 12.94 | 14.39 |
| Low | 9.80 | 9.50 | 10.45 | 13.97 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 36.8% | 23.6% | 23.8% | 15.7% |
| Avg | 29.0% | 11.3% | 12.3% | 11.3% |
| Low | 22.2% | -8.2% | -9.3% | 8.0% |
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.