E.On (OTCMKTS:EONGY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of E.On (OTCMKTS:EONGYGet Rating) from a sell rating to a hold rating in a research report released on Wednesday, Zacks.com reports.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

A number of other equities research analysts have also recently weighed in on EONGY. JPMorgan Chase & Co. lifted their price objective on E.On from €12.00 ($12.77) to €12.50 ($13.30) and gave the company a neutral rating in a research note on Friday, March 25th. Morgan Stanley lowered their price target on E.On from €11.00 ($11.70) to €10.50 ($11.17) and set an underweight rating on the stock in a report on Tuesday, May 17th. Stifel Nicolaus cut E.On from a buy rating to a hold rating in a report on Wednesday, April 13th. UBS Group reduced their price target on E.On from €11.50 ($12.23) to €11.00 ($11.70) in a research note on Tuesday, April 5th. Finally, Royal Bank of Canada raised their price objective on E.On from €11.25 ($11.97) to €12.00 ($12.77) in a research report on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, E.On has an average rating of Hold and an average price target of $12.20.

Shares of OTCMKTS EONGY opened at $10.30 on Wednesday. The business has a fifty day moving average price of $10.88 and a 200 day moving average price of $12.30. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.97 and a quick ratio of 0.94. E.On has a 1-year low of $10.12 and a 1-year high of $14.18. The stock has a market capitalization of $26.88 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.28 and a beta of 0.53.

E.On (OTCMKTS:EONGYGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. E.On had a return on equity of 14.54% and a net margin of 5.42%. The firm had revenue of $33.48 billion during the quarter. As a group, equities research analysts anticipate that E.On will post 1 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Monday, May 23rd. Investors of record on Monday, May 16th were paid a $0.3799 dividend. The ex-dividend date was Friday, May 13th. This represents a yield of 3.67%. E.On’s payout ratio is currently 17.92%.

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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