Eaton Corporation Plc's short interest surged by 18.9% in May, attracting an average PT of $314.27 from analysts. Despite daily losses, the company's stock has outperformed its competitors. Investors show growing interest in ETN, resulting in Gryphon Financial Partners LLC increasing their stake in the company. Eaton's stock, after receiving a consensus rating of 'Moderate Buy,' is now considered potentially undervalued. Institutional investors saw a loss of 3.9% last week but have drawn benefits from long-term gains. Billionaire Steve Cohen considers Eaton as the best AI data center stock to buy. The company's Q1 2024 earnings showcased strong start with record results and raised guidance. Institutional owners dominate 85% of the share ownership. Expectations are high for Eaton's Q2 earnings. Striking a fresh high, the company's shares promise further growth potential. However, insiders selling stocks worth US$4.0m hint at future weakness. Despite occasional underperformance, Eaton maintains strong financials. Bullish analysts predict Eaton will benefit from an ongoing electrical super-cycle. The company has reported record earnings and robust growth for Q4 2023, with strong orders and backlog growth. Eaton's quarterly results exhibit 18% backlog growth while a raised outlook for 2024 is expected after Q1 earnings beat estimates.
Eaton Corporation Plcs ETN News Analytics from Thu, 17 Sep 2015 12:28:16 GMT to Sun, 02 Jun 2024 14:03:59 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor 2
