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Wells Fargo Keeps Their Hold Rating on Eaton (ETN)

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Wells Fargo analyst Joe O’Dea maintained a Hold rating on Eaton (ETNResearch Report) today and set a price target of $142.00. The company’s shares closed last Tuesday at $129.32, close to its 52-week low of $123.69.

According to TipRanks.com, O’Dea is a 1-star analyst with an average return of -4.8% and a 37.0% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton with a $165.80 average price target.

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Based on Eaton’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.84 billion and net profit of $532 million. In comparison, last year the company earned revenue of $4.69 billion and had a net profit of $458 million.

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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.

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