E.On Se (EONGY) - What Are Brokerages Saying About This Stock?

Key Points

• E.ON has a “Moderate Buy” consensus rating from 10 brokerages: five analysts recommend holding the stock, three rate it a buy, and two rate it a strong buy.
• Several firms recently became more optimistic, with Berenberg Bank and Sanford C. Bernstein upgrading E.ON to “strong buy” and Jefferies raising its rating to “buy.”
• E.ON reported quarterly EPS of $0.25, below the $0.35 consensus estimate, while revenue of $18.89 billion also fell short of analyst expectations. The stock opened at $20.75, within its 52-week range of $17.38 to $23.58.

E.On Se (OTCMKTS:EONGY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company.

A number of brokerages have recently commented on EONGY. Berenberg Bank upgraded shares of E.On from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of E.On in a report on Friday, July 3rd. Jefferies Financial Group upgraded E.On from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Royal Bank Of Canada restated a "sector perform" rating on shares of E.On in a report on Thursday, July 9th. Finally, Sanford C. Bernstein raised E.On to a "strong-buy" rating in a report on Wednesday.

E.On Stock Performance

EONGY opened at $20.75 on Friday. The stock has a market cap of $54.25 billion, a P/E ratio of 13.83, a P/E/G ratio of 4.80 and a beta of 0.68. E.On has a 1 year low of $17.38 and a 1 year high of $23.58. The firm has a fifty day moving average price of $19.94 and a 200 day moving average price of $21.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90.

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

E.On Company Profile

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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