KeyBanc analyst Jeffrey Hammond maintains $nVent Electric (NVT.US)$ with a buy rating, and maintains the target price at $84.
According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $nVent Electric (NVT.US)$'s main analysts recently are as follows:
Post-Q3 earnings, there is an anticipation that prices will hold steady, coupled with a confidence in the management's disciplined approach to capital deployment and efforts to reduce stranded costs.
The company's Q3 outcomes were not as impressive as expected, accompanied by an approximate 3% operational shortfall, uncertainties, and adjustments with Thermal classified under discontinued operations, alongside tepid growth with a merely reaffirmed 2024 midpoint. Despite these factors, the recent significant drop in stock price is viewed as excessive, and there remains a positive outlook on the stock based on its current valuation.
Note:
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