E.On Se (NASDAQ:EONGY) Upgraded to “Buy” by Zacks Investment Research

E.On Se (NASDAQ:EONGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, September 8th. The brokerage presently has a $13.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 16.18% from the company’s current price.

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. “

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upgraded E.On Se from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 23rd. Berenberg Bank raised shares of E.On Se from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.00.

Shares of E.On Se (NASDAQ:EONGY) traded up 1.82% during trading on Friday, hitting $11.19. The company had a trading volume of 63,215 shares. E.On Se has a 52 week low of $6.38 and a 52 week high of $11.64.

E.On Se (NASDAQ:EONGY) last announced its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.24. The business had revenue of $10.01 billion for the quarter. E.On Se had a return on equity of 538.90% and a net margin of 36.24%.

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About E.On Se

E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.

Get a free copy of the Zacks research report on E.On Se (EONGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

NASDAQ:EONGY) traded up 1.82% during trading on Friday, hitting $11.19. The company had a trading volume of 63,215 shares. E.On Se has a 52 week low of $6.38 and a 52 week high of $11.64.

E.On Se (NASDAQ:EONGY) last announced its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.24. The business had revenue of $10.01 billion for the quarter. E.On Se had a return on equity of 538.90% and a net margin of 36.24%.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/09/23/e-on-se-eongy-upgraded-to-buy-by-zacks-investment-research.html.

About E.On Se

E.ON SE is an energy company. The Company’s segments include Energy Networks, Customer Solutions, and Renewables. Its non-strategic operations are reported under Non-Core Business. The Company’s business areas include energy networks, customer solutions, renewables, energy efficiency and distributed energy, technical services and nuclear.

Get a free copy of the Zacks research report on E.On Se (EONGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for E.On Se (NASDAQ:EONGY)

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