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Morgan Stanley Stick to Their Hold Rating for Eaton Corporation

Published 07/14/2020, 09:16 AM
Updated 07/14/2020, 09:16 AM


Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Hold rating on Eaton (NYSE:ETN) Corporation on Tuesday, setting a price target of $95, which is approximately 9.90% above the present share price of $86.44.

Pokrzywinski expects Eaton Corporation to post earnings per share (EPS) of $1.07 for the third quarter of 2020.

The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Eaton, with an average price target of $94.11.
The analysts price targets range from a high of $110 to a low of $81.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.79 billion and a net profit of $469 million. The company's market cap is $34.97 billion.

According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.0% and a 46.34% success rate.

Eaton Corp. Plc is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic and mechanical power. It operates through the following segments: Electrical Products, Electrical Systems and Services; Hydraulics; Aerospace, Vehicle and eMobility. The Electrical Products segment consists of electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The Electrical Systems and Services segment consists of power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The Hydraulics segment includes hydraulics components, systems and services for industrial and mobile equipment. The Aerospace segment is produces aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment engages in designing, manufacturing, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. The company was founded on May 10, 2012 and is headquartered in Dublin, Ireland.

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