Hubbell (NYSE:HUBB) had its price target hoisted by equities research analysts at Morgan Stanley from $132.00 to $145.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s target price would suggest a potential upside of 7.43% from the company’s current price.

HUBB has been the topic of several other research reports. Zacks Investment Research raised Hubbell from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Friday, July 17th. TheStreet raised Hubbell from a “c+” rating to a “b-” rating in a research note on Friday, April 24th. Cfra decreased their target price on Hubbell from $163.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Co increased their target price on Hubbell from $137.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $147.33.

Shares of HUBB opened at $134.97 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.04. Hubbell has a one year low of $85.62 and a one year high of $155.00. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.84 and a beta of 1.28. The stock has a 50 day moving average price of $126.79 and a 200 day moving average price of $127.81.

Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.27. Hubbell had a return on equity of 21.79% and a net margin of 9.09%. The firm had revenue of $949.20 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, analysts predict that Hubbell will post 7.11 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Hubbell by 8.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,725 shares of the industrial products company’s stock valued at $995,000 after acquiring an additional 512 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Hubbell by 94.5% in the fourth quarter. Janus Henderson Group PLC now owns 100,124 shares of the industrial products company’s stock valued at $14,800,000 after acquiring an additional 48,651 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hubbell by 13.5% in the fourth quarter. Geode Capital Management LLC now owns 714,863 shares of the industrial products company’s stock valued at $105,669,000 after acquiring an additional 84,962 shares during the last quarter. Norges Bank acquired a new position in Hubbell in the fourth quarter valued at $73,649,000. Finally, Nuveen Asset Management LLC boosted its holdings in Hubbell by 13.1% in the fourth quarter. Nuveen Asset Management LLC now owns 550,371 shares of the industrial products company’s stock valued at $81,356,000 after acquiring an additional 63,571 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

About Hubbell

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.

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Analyst Recommendations for Hubbell (NYSE:HUBB)

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