This Is the Number That Eaton Thinks Is Important Today
Eaton (NYSE: ETN) is a global industrial giant with a heavy focus on electrical products. It is well-positioned in a world that is increasingly digital. And according to management, the next few years are likely to be very good thanks to government programs meant to increase investment in key end markets.
But if you are watching Eaton, the number you'll want to pay attention to is backlog. Here's why.
Eaton, which has been around for over 100 years, started its life serving the automotive sector. But it has a long history of shifting its business to keep up with the times, with the most recent big move taking place in late 2012 when it completed the acquisition of Cooper Industries. That purchase dramatically increased its exposure to electrical products.
Source Fool.com
Cooper Companies Inc. Stock
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Cooper Companies Inc..
On the other hand, the target price of 233 € is below the current price of 343.0 € for Cooper Companies Inc., so the potential is actually -32.07%.
