nVent Electric plc (NYSE:NVT – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $89.00.
Several brokerages recently issued reports on NVT. Deutsche Bank Aktiengesellschaft initiated coverage on nVent Electric in a report on Monday, March 11th. They issued a “buy” rating and a $83.00 price target for the company. Royal Bank of Canada reduced their price target on nVent Electric from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Barclays increased their price objective on shares of nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. The Goldman Sachs Group boosted their target price on shares of nVent Electric from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Citigroup lifted their price target on shares of nVent Electric from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, May 6th.
Read Our Latest Stock Analysis on NVT
Institutional Investors Weigh In On nVent Electric
nVent Electric Stock Performance
Shares of NYSE:NVT opened at $75.09 on Thursday. The business has a 50-day moving average of $78.70 and a two-hundred day moving average of $69.95. The firm has a market capitalization of $12.47 billion, a PE ratio of 21.89, a P/E/G ratio of 1.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.99 and a quick ratio of 1.35. nVent Electric has a 12 month low of $45.60 and a 12 month high of $86.57.
nVent Electric (NYSE:NVT – Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $874.60 million during the quarter, compared to the consensus estimate of $864.14 million. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. As a group, research analysts forecast that nVent Electric will post 3.27 earnings per share for the current year.
nVent Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.19 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.76 annualized dividend and a yield of 1.01%. nVent Electric’s dividend payout ratio is presently 22.16%.
nVent Electric Company Profile
nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.
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