RBC Capital Sticks to Its Hold Rating for Eaton (ETN)

RBC Capital analyst Deane Dray maintained a Hold rating on Eaton (ETNResearch Report) on March 14 and set a price target of $155.00. The company’s shares closed last Tuesday at $150.27.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.7% and a 51.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

Eaton has an analyst consensus of Moderate Buy, with a price target consensus of $176.00, which is a 17.2% upside from current levels. In a report issued on March 1, Robert W. Baird also maintained a Hold rating on the stock with a $167.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $175.72 and a one-year low of $131.86. Currently, Eaton has an average volume of 1.97M.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eaton Corporation plc is a diversified power management company. It provides electrical and industrial components, wiring devices, residential, fire detection, lighting products., It also engages in designing and manufacturing power train systems and other components for commercial vehicle markets. The company also provides aerospace fuel, hydraulics and pneumatic systems for military and commercial use.

Read More on ETN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More