A Look Ahead For 2 Stocks: Eaton Corporation plc (ETN), MetLife, Inc. (MET)

Shares of Eaton Corporation plc (NYSE:ETN) opened at $76.3735, and ended -1.91% lower at $74.95. Nearly 3 million shares were traded by the close, higher than its average daily volume of 2.31 million shares.

Eaton Corporation plc (ETN) Analyst Opinion

Eaton Corporation plc has a consensus hold rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 1.37% of shares outstanding. The stock sank -4.03% last month and is up 11.72 this year. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover ETN having a buy-equivalent rating. Analysts have placed a $83.93 price target on Eaton Corporation plc, suggesting a 11.98% gain from recent close. It’s currently trading about -8.97% below its 52-week high.

Eaton Corporation plc Earnings Surprise

Eaton Corporation plc (ETN) failed to surprise the stock market in its last reported earnings when it earned $1.25 a piece versus the consensus-estimated $1.25. Its revenue totaled $5.12 billion down -0.17% from the previous quarter.

Eaton Corporation plc (NYSE:ETN) Intraday View

This stock (ETN) is ahead of its 52-week low with 12.54%. Its last month’s stock price volatility remained 2.08% which for the week stands at 1.3%. The share price has moved backward from its 20 days moving average, trading at a distance of -2.65% and stays -3.7% away from its 50 days moving average. Over the last five days, shares have faced -2.47% losses and now is down -1.18% since hitting its 200-day moving average of $76.57. Eaton Corporation plc (ETN) has made its way to a 12-month gain of 10.2%.

Turning to MetLife, Inc. (NYSE:MET), its shares were trading at $53.04 a retreat of $-0.58, on the trading floor. The stock, after opening at $53.79, touched a high of $53.87 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.4. MetLife, Inc. has 3 buy ratings, 6 holds and 1 sells even after the stock tumbled -5.13% from its high of $55.91 to a $55.68 billion market value through last close.

MetLife, Inc. (MET) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.25 to 2.38 during a month. Analysts set a 12-month price target of $56.33 a share. The target implies a 6.2% spike from where the shares are currently trading. Also, the current price highlights a discount of 16.89% to analysts’ high consensus price target.

MetLife, Inc. (NYSE:MET) Intraday Trading

The counter witnessed a trading volume of 4.13 million shares versus an average volume of 4.42 million shares during last trading session. Its last month’s stock price volatility remained 2.28% which for the week approaches 1.63%. The lowest price the stock reached in the last trading day was $52.875 and compares with the $44.18 52-week low. The stock recovered 20.07% since its low point and has performed 10.45% year-to-date.

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