E.On Se (OTCMKTS:EONGY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of E.On Se (OTCMKTS:EONGY) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

Several brokerages have issued reports on EONGY. Berenberg Bank raised E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Morgan Stanley reissued an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research note 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, UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th.

E.On Price Performance

OTCMKTS EONGY opened at $18.90 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. The firm’s 50 day moving average price is $20.57 and its 200-day moving average price is $21.29. E.On has a 52-week low of $17.38 and a 52-week high of $23.58. The company has a market cap of $49.41 billion, a PE ratio of 12.60, a P/E/G ratio of 4.42 and a beta of 0.68.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The business had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. E.On had a return on equity of 11.35% and a net margin of 4.49%. Sell-side analysts forecast that E.On will post 1.23 EPS for the current fiscal year.

E.On Company Profile

E.ON SE is a German energy company headquartered in Essen, Germany. The company focuses primarily on energy networks and customer solutions, rather than conventional power generation. Its activities include operating electricity and gas distribution networks, supplying energy to residential and commercial customers, and providing related services such as heating, energy efficiency solutions and electric-vehicle charging.

E.ON serves customers across several European markets, including Germany, the United Kingdom, Sweden, Italy, the Netherlands and countries in Central and Eastern Europe.