E.On (OTCMKTS:EONGY) Sets New 52-Week High – Should You Buy?

E.On Se (OTCMKTS:EONGY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.22 and last traded at $20.22, with a volume of 55956 shares changing hands. The stock had previously closed at $20.15.

Analysts Set New Price Targets

Several analysts have weighed in on EONGY shares. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Finally, Citigroup reiterated a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

E.On Stock Down 1.1%

The business’s fifty day simple moving average is $18.51 and its two-hundred day simple moving average is $18.54. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market cap of $52.62 billion, a PE ratio of 16.33, a PEG ratio of 5.81 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The business had revenue of $18.51 billion during the quarter, compared to analysts’ expectations of $21.43 billion. On average, analysts predict that E.On Se will post 1.16 earnings per share 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.