nVent Electric plc [NVT] stock prices are down -1.89% to $77.69 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVT shares have gain 1.50% over the last week, with a monthly amount glided 11.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
nVent Electric plc [NYSE: NVT] stock has seen the most recent analyst activity on September 04, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $80 for it. Previously, Deutsche Bank started tracking the stock with Buy rating on March 11, 2024, and set its price target to $83. On October 03, 2023, Citigroup initiated with a Buy rating and assigned a price target of $62 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. William Blair initiated its recommendation with a Outperform. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on December 13, 2022. In a note dated October 07, 2022, Loop Capital initiated an Hold rating and provided a target price of $34 on this stock.
The stock price of nVent Electric plc [NVT] has been fluctuating between $53.81 and $86.57 over the past year. Currently, Wall Street analysts expect the stock to reach $85 within the next 12 months. nVent Electric plc [NYSE: NVT] shares were valued at $77.69 at the most recent close of the market. An investor can expect a potential return of 9.41% based on the average NVT price forecast.
Analyzing the NVT fundamentals
The nVent Electric plc [NYSE:NVT] reported sales of 3.40B for trailing twelve months, representing a drop of -8.94%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 76.97 points at the first support level, and at 76.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.95, and for the 2nd resistance point, it is at 80.21.
Ratios To Look Out For
It’s worth pointing out that nVent Electric plc [NYSE:NVT]’s Current Ratio is 1.83. Also, the Quick Ratio is 1.36, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 3.90 and price to earnings (TTM) ratio is 22.72.
Transactions by insiders
Recent insider trading involved BURRIS JERRY W, Director, that happened on Nov 25 ’24 when 6558.0 shares were sold. below, van der Kolk Robert J. completed a deal on Nov 22 ’24 to sell 4000.0 shares. Meanwhile, Director BURRIS JERRY W bought 6558.0 shares on Nov 25 ’24.
