NEW YORK - Electrical manufacturer Hubbell (NYSE:HUBB) has received mixed signals from analysts in recent weeks, with the latest move by StockNews.com downgrading the company's stock to "Hold" on Tuesday. This comes after a series of varied assessments from notable financial institutions, reflecting differing views on the company's market position and future performance.
Barclays (LON:BARC) initiated coverage on Hubbell on Monday, assigning an "Equal weight" rating with a price target of $325. This neutral stance followed JPMorgan Chase & Co. (NYSE:JPM)'s more bullish take from November 17, when the firm upgraded Hubbell to "Overweight" and nudged its price target up from $333 to $335.
The rating changes over the past several months show a range of opinions among analysts:
- Wolfe Research shifted its view of Hubbell from "Underperform" to "Peer perform" back on August 11.
- On November 1, Stephens maintained an "Overweight" rating and set a high price target of $375.
- Seaport Res Ptn reiterated a "Buy" recommendation on November 8.
Amid these evaluations, MarketBeat.com's compilations suggest a consensus "Hold" rating for Hubbell, with an average price target of approximately $312.29. The company's stock opened at $303.66 and is characterized by a PE ratio of around 23 and a beta value close to one (0.93), indicating stability in comparison to the broader market.
Hubbell's financial health appears robust with a market capitalization of roughly $16 billion and a debt-to-equity ratio of 0.52. The company also boasts a net margin exceeding thirteen percent (13.56%). However, Hubbell's Q3 earnings per share fell slightly short at $3.95 versus an expected $4.07, even as revenue saw an increase of over four percent year-over-year to total $1.38 billion.
In terms of shareholder activity, VP Del Nero sold nearly two thousand shares at $285.54 each on November 3, while institutional investors like Wellington Management Group LLP have made notable adjustments to their holdings recently. These moves contribute to the nearly eighty-six percent (85.97%) ownership by hedge funds and similar entities in Hubbell.
Looking ahead, Hubbell has announced an increased quarterly dividend payout for mid-December, yielding about 1.61% annually based on current share valuation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.