E.ON SE Sponsored ADR (Germany) (EONGY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. The firm currently has $12.00 target price on the utilities provider’s stock.

According to Zacks, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers. “

A number of other research firms have also recently issued reports on EONGY. Jefferies Financial Group cut E.ON SE Sponsored ADR (Germany) from a hold rating to an underperform rating in a report on Wednesday, February 6th. UBS Group reiterated a neutral rating on shares of E.ON SE Sponsored ADR (Germany) in a report on Tuesday, March 12th. JPMorgan Chase & Co. cut E.ON SE Sponsored ADR (Germany) from an overweight rating to a neutral rating in a report on Monday, March 4th. Finally, Goldman Sachs Group downgraded shares of E.ON SE Sponsored ADR (Germany) from a buy rating to a neutral rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $12.00.

EONGY stock opened at $10.40 on Tuesday. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 3.51 and a beta of 1.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.84 and a quick ratio of 1.78. E.ON SE Sponsored ADR has a 1 year low of $9.48 and a 1 year high of $11.65.

The firm also recently disclosed an annual dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.362 per share. This represents a dividend yield of 3.22%. This is an increase from E.ON SE Sponsored ADR (Germany)’s previous annual dividend of $0.27. The ex-dividend date was Wednesday, May 15th.

About E.ON SE Sponsored ADR (Germany)

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and distributes energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities.

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Analyst Recommendations for E.ON SE Sponsored ADR (Germany) (OTCMKTS:EONGY)

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