nVent Electric plc (NYSE:NVT) currently has a daily average trading volume of 1.03M but it saw 1659591 shares traded on Thursday. With a market cap of 7.24B USD, stock’s current market price of $43.58 came rising about 6.40 while comparing to the previous closing price of $40.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.66 and as low as $29.19. In the recent trading on the day, stock has struck highest price mark of $43.63 while lowest mark touched by it was $42.00.
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Taking a look at 20-day trading activity of nVent Electric plc (NVT) gives us an average price of $41.83, while its current price level is -6.60% below from 52-week high level whereas it is 49.30% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $42.22 while that of 200 days or SMA-200 reads an average of $39.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.88% during that period while stretching the period over a month that decreases to 2.69%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.03 which implies that the stock is in neutral territory.
nVent Electric plc (NVT)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $51.00 and $55.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $51.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $55.00. Average price target assigned by them is $53.60 which highlights an upside potential of 18.69% for the stock over that period. And to attain the median price target of $54.00 assigned by those analysts, stock has to add about 19.3% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, NVT’s stock price is moving 2.73% up while it is 2.23% when we observe its performance for the past one month. Year-to-date it is 13.28% up and over the past year, the stock is showing an upside performance of 29.28%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.66 beat the consensus estimate of $0.58 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.67 while estimate for next year EPS is $2.74. For NVT, analysts are forecasting an EPS-growth rate of 14.20% for current year and estimate for EPS growth in next year is 9.10%. In next quarter, company is expected to be making quarterly sales of $772.73 million as analysts are expecting the sales for current fiscal year at $3.11 billion and seeing the company making $3.27 billion in sales next year. Moreover, analysts are in estimates of $736.57 million for current-quarter revenue.
Currently, nVent Electric plc’s total number of outstanding shares is 165.30M with 0.66% of that held by the insiders while 91.66% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 9.60% and return on equity (ROE) at 15.80%. It has a price to earnings ratio (P/E ratio) of 17.23 while having a 14.70 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to book (P/B) ratio of 2.58 while price to sale or P/S ratio amounts to 2.45. Its return on asset (ROA) is 8.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.36% in the nVent Electric plc (NVT) increasing its stake to 3.14% with control over 18570.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 5,198,386 of company’s common stock of worth $217.97 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in nVent Electric plc, as Vanguard Total Stock Market ETF picked 5,190,665 shares of worth $217.64 million to bring its holdings to a total of 37485.0 shares. In the most recent quarter, Franklin Rising Dividends Fund came cutting its stake by -0.37% in the company and now holds 4.94 million or 2.99% of the company’s stake having worth of about 206.94 million.
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