Stifel Nicolaus Reaffirms $80.0 Target Price per Share On Eaton (ETN), Reaffirms “Hold” Rating; Telenav (TNAV) SI Increased By 2.59%

December 11, 2017 - By Marguerite Chambers

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 4 Sell and 18 Hold. Therefore 24% are positive. Eaton Corporation has $92.0 highest and $51 lowest target. $67.86’s average target is -12.20% below currents $77.29 stock price. Eaton Corporation had 72 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by Longbow to “Buy” on Tuesday, April 4. The company was maintained on Thursday, July 30 by RBC Capital Markets. The company was initiated on Wednesday, February 1 by Avondale. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, September 28. Bank of America downgraded the shares of ETN in report on Tuesday, October 17 to “Underperform” rating. The stock has “Hold” rating by Jefferies on Wednesday, August 23. JP Morgan downgraded the shares of ETN in report on Friday, February 3 to “Neutral” rating. On Wednesday, January 20 the stock rating was initiated by Standpoint Research with “Buy”. The company was downgraded on Tuesday, January 3 by Vertical Research. As per Wednesday, August 10, the company rating was upgraded by Argus Research.

Telenav Incorporated (NASDAQ:TNAV) had an increase of 2.59% in short interest. TNAV’s SI was 257,700 shares in December as released by FINRA. Its up 2.59% from 251,200 shares previously. With 68,400 avg volume, 4 days are for Telenav Incorporated (NASDAQ:TNAV)’s short sellers to cover TNAV’s short positions. The SI to Telenav Incorporated’s float is 0.88%. It closed at $4.85 lastly. It is down 88.62% since December 11, 2016 and is uptrending. It has outperformed by 71.92% the S&P500.

Telenav, Inc., together with its subsidiaries provides connected car and location platform services in the United States and internationally. The company has market cap of $214.91 million. The firm operates through three divisions: Automotive, Advertising, and Mobile Navigation. It currently has negative earnings. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone wireless connectivity and brought-in navigation services.

Investors sentiment decreased to 0.81 in Q2 2017. Its down 0.16, from 0.97 in 2017Q1. It worsened, as 5 investors sold Telenav, Inc. shares while 30 reduced holdings. 12 funds opened positions while 22 raised stakes. 18.57 million shares or 2.02% less from 18.95 million shares in 2017Q1 were reported. State Board Of Administration Of Florida Retirement Sys holds 0% or 12,085 shares in its portfolio. Arrowstreet Cap Partnership reported 264,910 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage owns 3,375 shares or 0% of their US portfolio. Alliancebernstein Ltd Partnership, New York-based fund reported 22,100 shares. Fny Managed Accounts Ltd Company holds 95 shares or 0% of its portfolio. Deutsche Retail Bank Ag accumulated 40,037 shares. Ariel Invests Lc owns 2.22M shares or 0.21% of their US portfolio. California State Teachers Retirement holds 0% or 54,230 shares. Art Advsr Ltd Co holds 0.02% or 41,696 shares in its portfolio. 25,484 were reported by Ameriprise Financial. Blackrock Inc owns 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 1.61M shares. Eam Investors Ltd Llc holds 0.21% or 155,470 shares in its portfolio. Essex Invest Management Llc reported 169,180 shares. Axa has invested 0.01% in Telenav, Inc. (NASDAQ:TNAV). Cortina Asset Management Ltd reported 508,586 shares stake.

Among 4 analysts covering Telenav (NASDAQ:TNAV), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Telenav had 5 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Telenav, Inc. (NASDAQ:TNAV) has “Buy” rating given on Monday, July 10 by Northland Capital. The firm has “Buy” rating given on Monday, August 24 by B. Riley & Co. The rating was initiated by FBR Capital on Monday, October 17 with “Outperform”. Sidoti downgraded the shares of TNAV in report on Friday, January 20 to “Neutral” rating.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on February, 1. They expect $1.24 EPS, up 10.71% or $0.12 from last year’s $1.12 per share. ETN’s profit will be $551.56M for 15.58 P/E if the $1.24 EPS becomes a reality. After $1.25 actual EPS reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -0.80% negative EPS growth.

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $34.38 billion. The Company’s Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. It has a 12.18 P/E ratio. The companyÂ’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.

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