E.On (OTCMKTS:EONGY) Upgraded at Sanford C. Bernstein

E.On (OTCMKTS:EONGY) was upgraded by stock analysts at Sanford C. Bernstein to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

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

E.On Price Performance

Shares of EONGY opened at $20.39 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. E.On has a 52-week low of $17.38 and a 52-week high of $23.58. The business’s 50 day moving average price is $19.94 and its two-hundred day moving average price is $21.02. The firm has a market cap of $53.32 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68.

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