E.On (OTCMKTS:EONGY) Upgraded to Strong-Buy at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of E.On (OTCMKTS:EONGY) to a strong-buy rating in a research report report published on Wednesday morning,Zacks reports.

EONGY has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a report on Friday, July 3rd. Berenberg Bank upgraded shares of E.On from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Finally, Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, E.On presently has a consensus rating of “Moderate Buy”.

E.On Stock Performance

Shares of E.On stock opened at $20.39 on Wednesday. The stock has a market cap of $53.32 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68. The business has a fifty day simple moving average of $19.94 and a 200-day simple moving average of $21.02. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.38. E.On has a 12 month low of $17.38 and a 12 month high of $23.58.

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

About E.On

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.