Deep Dive Into Hubbell Stock: Analyst Perspectives (6 Ratings)

In the last three months, 6 analysts have published ratings on Hubbell HUBB, offering a diverse range of perspectives from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $335.67, along with a high estimate of $351.00 and a low estimate of $325.00. Surpassing the previous average price target of $321.00, the current average has increased by 4.57%.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Hubbell among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Hubbell. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hubbell compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Hubbell's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Hubbell's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Hubbell analyst ratings.

Discovering Hubbell: A Closer Look

Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

Hubbell: Financial Performance Dissected

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Positive Revenue Trend: Examining Hubbell's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.53% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.

Net Margin: Hubbell's net margin excels beyond industry benchmarks, reaching 14.51%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Hubbell's ROE stands out, surpassing industry averages. With an impressive ROE of 7.45%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Hubbell's ROA stands out, surpassing industry averages. With an impressive ROA of 3.5%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Hubbell's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.58.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.