Eaton Corporation, Plc Ordinary Shares | ETN

Daily Technical Analysis of Eaton Corporation, Plc Ordinary Shares

Not too much action today, Eaton drifted down slightly. We'll see where it goes next.

The Industrial Products company isn't at an immediate support or resistance level that might be predictive. Eaton has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. ETN may hit some resistance around the 313.46 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Analyst Ratings for Eaton By Price Target And Rating

The analysts feel fairly neutral on the prospects for Eaton but a little more positive than negative. The current Analysts Sentiment Score is 19.42. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced an upgrade on 2024-04-05 from Sector Perform to Outperform and moved up their price target to $371.00 which is a 29.72% increase. Barclays upgraded from Underweight to Equal Weight on 2024-04-02 and also increased their price target by 20% to $300.00. Mizuho gave a boost to their price target and moved to $340.00 from $300.00 on 2024-03-20. Bank of America gave a boost to their price target and moved to $330.00 from $320.00 on 2024-03-18. On 2024-03-15 The Goldman Sachs Group increased their price target by 14.29% to $328.00. Berenberg Bank boosted their price targ by 72.5% to $345.00 on 2024-03-06. Evercore ISI provided a price target boost of 17.56% to $308.00 from $262.00 on 2024-02-20. On 2024-02-02 UBS Group increased their price target by 19.61% to $305.00. On 2024-02-02 Citigroup increased their price target by 14.81% to $310.00. Wells Fargo & Company boosted their price targ by 16.82% to $257.00 on 2023-12-19.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Eaton

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Eaton

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.