With 3.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.71 million shares. The 52-week range on ETN shows that it touched its highest point at $379.99 and its lowest point at $231.85 during that stretch. It currently has a 1-year price target of $345.28. With its current market cap of 129.42 billion, ETN has annualized dividend of $3.96 while the current yield stands at 1.20%. Beta for the stock currently stands at 1.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ETN was up-trending over the past week, with a rise of 10.95%, but this was up by 19.18% over a month. Three-month performance surged to 4.50% while six-month performance fell -8.27%. The stock lost -0.75% in the past year, while it has lost -0.34% so far this year. A look at the trailing 12-month EPS for ETN yields 9.91 with Next year EPS estimates of 13.53. For the next quarter, that number is 2.93. This implies an EPS growth rate of 11.13% for this year and 12.76% for next year. EPS is expected to grow by 11.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.57%.
Float and Shares Shorts:
At present, 391.30 million ETN shares are outstanding with a float of 390.35 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETN since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.81367 being high and $10.7637 being low. For ETN, this leads to a yearly average estimate of $10.78369.
