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

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

Analyst Ratings Changes

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

E.On Stock Up 2.9%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85. The business has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $18.57. The firm has a market capitalization of $52.36 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 5.78 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The firm had revenue of $18.51 billion during the quarter, compared to analysts’ expectations of $21.43 billion. On average, equities analysts expect that E.On Se will post 1.16 EPS for the current year.

About E.On

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.