These Analysts Increase Their Forecasts On nVent Electric Following Q4 Results

Benzinga
Feb 10

nVent Electric plc (NYSE:NVT) reported in-line earnings for the fourth quarter on Friday.

The company posted quarterly earnings of 90 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $1.067 billion which beat the analyst consensus estimate of $1.005 billion.

nVent Electric said it sees FY2026 adjusted EPS of $4.00-$4.15, versus market estimates of $4.06. The company expects FY2026 sales of $4.477 billion-$4.594 billion, versus estimates of $4.426 billion.

nVent Electric shares gained 4.5% to trade at $117.72 on Monday.

These analysts made changes to their price targets on nVent Electric following earnings announcement.

  • Keybanc analyst Jeffrey Hammond maintained nVent Electric with an Overweight rating and raised the price target from $125 to $130.
  • Barclays analyst Julian Mitchell maintained the stock with an Overweight rating and raised the price target from $140 to $141.
  • RBC Capital analyst Deane Dray maintained nVent Electric with an Outperform rating and raised the price target from $136 to $138.

Considering buying NVT stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10