A share price of Hubbell Inc. [HUBB] is currently trading at $413.00, up 3.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HUBB shares have gain 5.16% over the last week, with a monthly amount glided 2.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hubbell Inc. [NYSE: HUBB] stock has seen the most recent analyst activity on March 11, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $427. Previously, TD Cowen started tracking the stock with Outperform rating on December 08, 2023, and set its price target to $338. On December 04, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $325 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $335 on November 17, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $325 as its price target on November 08, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on August 11, 2023. In a note dated February 01, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $200 to $205.
Hubbell Inc. experienced fluctuations in its stock price throughout the past year between $248.37 and $429.61. Currently, Wall Street analysts expect the stock to reach $296 within the next 12 months. Hubbell Inc. [NYSE: HUBB] shares were valued at $413.00 at the most recent close of the market. An investor can expect a potential drop of -28.33% based on the average HUBB price forecast.
Analyzing the HUBB fundamentals
Trailing Twelve Months sales for Hubbell Inc. [NYSE:HUBB] were 5.49B which represents 8.85% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.26 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 405.29 points at the first support level, and at 397.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 417.17, and for the 2nd resistance point, it is at 421.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hubbell Inc. [NYSE:HUBB] is 1.66. As well, the Quick Ratio is 1.03, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 4.04, the price to book ratio is 7.57 and price to earnings (TTM) ratio is 30.80.
Transactions by insiders
Recent insider trading involved Mikes Mark Eugene, President Electrical Solutions, that happened on May 15 ’24 when 479.0 shares were sold. Chief Human Resources Officer, FLYNN ALYSSA R completed a deal on May 15 ’24 to sell 7.0 shares. Meanwhile, Chief Human Resources Officer FLYNN ALYSSA R sold 1.0 shares on May 14 ’24.
