E.On (OTCMKTS:EONGY) Hits New 1-Year High - Time to Buy?

Key Points

• Shares of E.On (EONGY) reached a new 52‑week high at $23.58 and last traded around $23.29 on roughly 139,000 shares, sitting above its 50‑day ($22.08) and 200‑day ($19.92) moving averages.
• Analyst sentiment has cooled with several recent downgrades, leaving a MarketBeat consensus rating of Hold (2 Buys, 7 Holds, 1 Sell).
• E.On reported quarterly EPS of $0.33 (meeting estimates) on $24.95 billion in revenue, with ROE 12.06% and net margin 2.2%; the company has a market cap of ~$60.7 billion and a P/E of about 31.4.

Shares of E.On Se (OTCMKTS:EONGY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $23.58 and last traded at $23.2850, with a volume of 138803 shares changing hands. The stock had previously closed at $23.47.

Analysts Set New Price Targets

EONGY has been the topic of a number of recent research reports. Wall Street Zen downgraded E.On from a "hold" rating to a "sell" rating in a report on Wednesday, January 14th. DZ Bank downgraded E.On from a "hold" rating to a "strong sell" rating in a report on Thursday, February 26th. Berenberg Bank downgraded E.On from a "buy" rating to a "hold" rating in a report on Tuesday, February 10th. Citigroup reiterated a "neutral" rating on shares of E.On in a research note on Friday, February 6th. Finally, Bank of America cut shares of E.On from a "buy" rating to a "neutral" rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, E.On has a consensus rating of "Hold".

E.On Trading Down 1.0%

The stock has a 50 day moving average of $22.08 and a 200-day moving average of $19.92. The company has a market capitalization of $60.73 billion, a P/E ratio of 31.39, a P/E/G ratio of 4.41 and a beta of 0.78. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.32.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.33. The company had revenue of $24.95 billion during the quarter. E.On had a return on equity of 12.06% and a net margin of 2.20%. On average, research analysts predict that E.On Se will post 1.16 EPS for the current year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON's business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.

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