E.On (OTCMKTS:EONGY) PT Lowered to €9.50

E.On (OTCMKTS:EONGYGet Rating) had its price objective lowered by research analysts at Morgan Stanley from €10.00 ($10.00) to €9.50 ($9.50) in a report released on Thursday, The Fly reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock.

EONGY has been the subject of a number of other reports. Sanford C. Bernstein cut shares of E.On from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Berenberg Bank dropped their target price on shares of E.On from €13.00 ($13.00) to €12.50 ($12.50) in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of E.On from €12.50 ($12.50) to €10.50 ($10.50) and set a “neutral” rating on the stock in a research report on Tuesday, August 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.10.

E.On Trading Up 0.7 %

Shares of E.On stock opened at $9.04 on Thursday. E.On has a 12-month low of $7.11 and a 12-month high of $14.18. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.24. The stock has a market cap of $23.59 billion, a PE ratio of 4.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.67. The company has a 50-day moving average of $8.22 and a two-hundred day moving average of $8.98.

E.On (OTCMKTS:EONGYGet Rating) last issued its earnings results on Wednesday, November 9th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter. E.On had a net margin of 4.53% and a return on equity of 10.94%. The company had revenue of $28.98 billion during the quarter. On average, research analysts anticipate that E.On will post 0.98 EPS for the current fiscal year.

About E.On

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E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

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