In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Hold rating on Hubbell B (HUBB – Research Report), with a price target of $435.00. The company’s shares closed last Friday at $401.74.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 9.0% and a 59.51% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Eaton, and Lennox International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hubbell B with a $398.13 average price target, a -0.90% downside from current levels. In a report released on April 2, Barclays also maintained a Hold rating on the stock with a $400.00 price target.
HUBB market cap is currently $21.54B and has a P/E ratio of 28.62.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HUBB 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.
Hubbell B (HUBB) Company Description:
Hubbell, Inc. engages in designing, manufacturing and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates though the following segments: Electrical and Power. The Electrical segment manufactures and sells wiring and electrical, lighting fixtures and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Power segment consists of operations that design, manufacture and sale of transmission and distribution components primarily for the electrical utilities industry. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.
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