Evaluating Hubbell: Insights From 4 Financial Analysts

4 analysts have expressed a variety of opinions on Hubbell HUBB over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $369.5, a high estimate of $427.00, and a low estimate of $340.00. This upward trend is evident, with the current average reflecting a 13.0% increase from the previous average price target of $327.00.

Deciphering Analyst Ratings: An In-Depth Analysis

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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hubbell. This information offers a snapshot of how analysts perceive 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: Delving into movements, analysts provide estimates for the future value of Hubbell's stock. This analysis reveals shifts in analysts' expectations over time.

For valuable insights into Hubbell's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Hubbell analyst ratings.

Delving into Hubbell's Background

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: Utility Solutions Segment and the Electrical Solutions Segment. It derives maximum revenue from Utility Solutions Segment.

Breaking Down Hubbell's Financial Performance

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

Revenue Growth: Hubbell's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 10.35%. This signifies a substantial increase in the company's 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 is impressive, surpassing industry averages. With a net margin of 12.68%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Hubbell's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.08%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Hubbell's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.69% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Hubbell's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.8, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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