nVent Electric plc [NVT] stock is trading at $55.60, up 1.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NVT shares have lost -0.64% over the last week, with a monthly amount drifted -18.75%, and not seem to be holding up well over a long-time horizon.
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.
nVent Electric plc [NVT] stock has fluctuated between $51.99 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 $55.60 at the most recent close of the market. An investor can expect a potential return of 52.88% based on the average NVT price forecast.
Analyzing the NVT fundamentals
nVent Electric plc [NYSE:NVT] reported sales of 3.29B for the trailing twelve months, which represents a drop of -12.66%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 54.92 points at the first support level, and at 54.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.60, and for the 2nd resistance point, it is at 57.60.
Ratios To Look Out For
For context, nVent Electric plc’s Current Ratio is 1.73. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 2.83 and price to earnings (TTM) ratio is 28.23.
Transactions by insiders
Recent insider trading involved Faulconer Michael B, Former Officer, that happened on Mar 06 ’25 when 6334.0 shares were purchased. Director, BURRIS JERRY W completed a deal on Nov 25 ’24 to sell 6558.0 shares. Meanwhile, below van der Kolk Robert J. sold 4000.0 shares on Nov 22 ’24.
