KeyBanc analyst Jeffrey Hammond maintained a Buy rating on nVent Electric plc (NVT) today and set a price target of $29.00. The company’s shares closed last Monday at $19.60, close to its 52-week low of $19.28.
According to TipRanks.com, Hammond is a 4-star analyst with an average return of 6.8% and a 55.0% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion Corp, Circor International, and Parker Hannifin.
Currently, the analyst consensus on nVent Electric plc is a Hold with an average price target of $26.00.
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nVent Electric plc’s market cap is currently $3.31B and has a P/E ratio of 13.80. The company has a Price to Book ratio of 1.31.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NVT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
nVent Electric Plc engages in the provision of electrical connection and protection solutions. It operates through the following segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment offers solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment.
