E.On Se (EONGY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of E.On Se (NASDAQ:EONGY) from a hold rating to a buy rating in a research report report published on Friday morning. Zacks Investment Research currently has $13.00 price target on the utilities provider’s stock.

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 research reports about the company. Berenberg Bank raised E.On Se from a hold rating to a buy rating in a research note on Friday, June 2nd. Royal Bank Of Canada raised E.On Se from a sector perform rating to an outperform rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $13.00.

E.On Se (EONGY) opened at 11.57 on Friday. The company’s market cap is $25.07 billion. The stock has a 50 day moving average of $10.81 and a 200 day moving average of $9.07. E.On Se has a 52 week low of $6.38 and a 52 week high of $11.60.

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

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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.

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