Morgan Stanley Lowers E.On (OTCMKTS:EONGY) Price Target to €10.50

E.On (OTCMKTS:EONGYGet Rating) had its price target cut by analysts at Morgan Stanley from €11.00 ($11.46) to €10.50 ($10.94) in a research note issued on Tuesday, The Fly reports. The firm currently has an “underweight” rating on the utilities provider’s stock.

Several other research firms have also weighed in on EONGY. Citigroup lowered shares of E.On from a “buy” rating to a “neutral” rating in a report on Friday, February 25th. UBS Group cut their target price on shares of E.On from €11.50 ($11.98) to €11.00 ($11.46) in a report on Tuesday, April 5th. JPMorgan Chase & Co. lifted their target price on shares of E.On from €12.00 ($12.50) to €12.50 ($13.02) and gave the company a “neutral” rating in a report on Friday, March 25th. Stifel Nicolaus lowered shares of E.On from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Zacks Investment Research lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.20.

EONGY traded up $0.07 during trading on Tuesday, reaching $10.39. 104,557 shares of the company’s stock were exchanged, compared to its average volume of 141,450. E.On has a 1 year low of $10.12 and a 1 year high of $14.18. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.97 and a quick ratio of 0.94. The stock has a market capitalization of $27.12 billion, a P/E ratio of 4.90, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53. The company’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $12.45.

E.On (OTCMKTS:EONGYGet Rating) last posted its quarterly earnings results on Wednesday, March 16th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. E.On had a net margin of 5.42% and a return on equity of 14.54%. The company had revenue of $33.48 billion during the quarter. Equities analysts forecast that E.On will post 1 EPS for the current year.

About E.On (Get Rating)

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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