E.On Se (OTCMKTS:EONGY) Given Average Recommendation of “Moderate Buy” by Brokerages

E.On Se (OTCMKTS:EONGY) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of research analysts have recently commented on EONGY shares. Jefferies Financial Group raised E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of E.On in a research note on Friday, July 3rd. DZ Bank upgraded shares of E.On from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th.

E.On Stock Up 0.3%

EONGY opened at $20.28 on Friday. E.On has a 12 month low of $17.25 and a 12 month high of $23.58. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market cap of $53.02 billion, a P/E ratio of 13.52, a P/E/G ratio of 4.67 and a beta of 0.69. The stock’s 50 day moving average price is $21.22 and its 200 day moving average price is $21.63.

E.On (OTCMKTS:EONGY) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). E.On had a net margin of 4.49% and a return on equity of 11.54%. The business had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. As a group, research analysts predict that E.On will post 1.23 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.