E.On (OTCMKTS:EONGY) Sets New 12-Month High – Still a Buy?

Shares of E.On Se (OTCMKTS:EONGY) reached a new 52-week high during trading on Monday . The company traded as high as $20.60 and last traded at $20.60, with a volume of 8432 shares traded. The stock had previously closed at $20.04.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Wall Street Zen lowered shares of E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Finally, Citigroup restated a “neutral” rating on shares of E.On in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

E.On Price Performance

The firm has a market capitalization of $52.36 billion, a PE ratio of 16.91, a P/E/G ratio of 5.78 and a beta of 0.81. The firm’s fifty day moving average price is $18.67 and its 200 day moving average price is $18.57. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $18.51 billion during the quarter, compared to analyst estimates of $21.43 billion. E.On had a net margin of 3.61% and a return on equity of 11.86%. As a group, equities analysts forecast 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.