E.On (OTCMKTS:EONGY) Upgraded to "Strong-Buy" at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein upgraded E.On to “strong buy,” following similar bullish moves from Berenberg, Jefferies and UBS. MarketBeat’s overall analyst consensus is “Moderate Buy.”
• E.On shares rose 0.9% to open at $20.39, within a 52-week range of $17.38 to $23.58, giving the company a market capitalization of approximately $53.32 billion.
• The company’s latest quarterly results fell short of expectations: earnings were $0.25 per share versus the $0.35 consensus estimate, while revenue reached $18.89 billion compared with the $40.44 billion forecast.

E.On (OTCMKTS:EONGY - Get Free Report) was upgraded by stock analysts at Sanford C. Bernstein to a "strong-buy" rating in a note issued to investors on Wednesday, Zacks reports.

A number of other analysts have also commented on the company. Berenberg Bank raised E.On from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Jefferies Financial Group raised E.On from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of E.On in a research note on Friday, July 3rd. UBS Group upgraded shares of E.On from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of E.On in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, E.On has an average rating of "Moderate Buy".

E.On Stock Up 0.9%

Shares of OTCMKTS:EONGY opened at $20.39 on Wednesday. E.On has a 52-week low of $17.38 and a 52-week high of $23.58. The company has a market capitalization of $53.32 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. The company has a fifty day moving average of $19.94 and a 200-day moving average of $21.02.

E.On (OTCMKTS:EONGY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.10). E.On had a return on equity of 11.35% and a net margin of 4.49%. The firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. On average, equities analysts predict that E.On will post 1.23 EPS for the current fiscal year.

About E.On

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.

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