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Zacks Investment Research downgraded Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) to Hold in a statement released earlier today.

Zacks Investment Research has downgraded Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) to Hold in a statement released on 05/25/2017.

Previously on Friday May 12, 2017, Zacks Investment Research released a statement about Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) upped the target price from $0.00 to $86.00. At the time, this suggested an upside of 0.12%.

Showing a price of $77.19, Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) traded 0.34% higher on the day. The last stock price close is up 4.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. The company has recorded a 50-day average of $77.03 and a two hundred day average of $76.20. Volume of trade was down over the average, with 1,987,626 shares of ETN changing hands under the typical 2,559,190

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Eaton Corporation, PLC Ordinary Shares (NYSE:ETN)

Eaton Corporation, PLC Ordinary Shares has a one year low of $59.07 and a one year high of $81.63 with a PE ratio of 18.29 Eaton Corporation, PLC Ordinary Shares’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 23 firms have reported on the stock. The consensus stock price target is $64.35 with 3 brokers rating the stock a strong buy, six analysts rating the company a buy, sixteen brokerages rating the company a hold, one brokerage rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Eaton Corporation, PLC Ordinary Shares (NYSE:ETN)

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. The companyÂ’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. Its Hydraulics segment offers various power products, controls and sensing products, fluid conveyance products, filtration systems solutions, industrial drum and disc brakes, and golf grips. The companyÂ’s Aerospace segment provides hydraulic power generation systems, controls and sensing products, fluid conveyance products, and fuel systems for commercial and military use. Its Vehicle segment designs, manufactures, markets, and supplies drivetrain, powertrain systems, and critical components, including transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, cylinder heads, locking and limited slip differentials, transmission controls, fuel vapor components, fluid connectors, and conveyance products. The company serves industrial, institutional, governmental, utility, commercial, residential, information technology, renewable energy, marine, agriculture, oil and gas, construction, mining, forestry, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets, as well as original equipment manufacturers and aftermarket customers of heavy, medium, and light-duty trucks, SUVs, CUVs, passenger cars, and agricultural equipment. Eaton Corporation plc was founded in 1916 and is based in Dublin, Ireland.

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