The stock of Hubbell Incorporated (NYSE:HUBB) hit a new 52-week high and has $118.08 target or 5.00% above today’s $112.46 share price. The 9 months bullish chart indicates low risk for the $6.31B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $118.08 price target is reached, the company will be worth $315.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 153,013 shares traded hands. Hubbell Incorporated (NYSE:HUBB) has risen 3.36% since April 21, 2016 and is uptrending. It has underperformed by 1.97% the S&P500.
Analysts await Hubbell Incorporated (NYSE:HUBB) to report earnings on January, 26. They expect $1.23 earnings per share, down 6.11% or $0.08 from last year’s $1.31 per share. HUBB’s profit will be $69.01 million for 22.86 P/E if the $1.23 EPS becomes a reality. After $1.63 actual earnings per share reported by Hubbell Incorporated for the previous quarter, Wall Street now forecasts -24.54% negative EPS growth.
Hubbell Incorporated (NYSE:HUBB) Ratings Coverage
Out of 3 analysts covering Hubbell Inc (NYSE:HUBB), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Hubbell Inc has been the topic of 9 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan to “Neutral” on Thursday, January 7. On Friday, May 13 the stock rating was initiated by Barrington Research with “Neutral”. JP Morgan maintained the shares of HUBB in a report on Monday, March 7 with “Neutral” rating.
According to Zacks Investment Research, “Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products to commercial, industrial, utility and telecommunications markets. The Company’s products include plugs, receptacles, connectors, lighting fixtures, high voltage test and measurement equipment and voice and data signal processing components. Hubbell Incorporated is based in SHELTON, United States.”
More recent Hubbell Incorporated (NYSE:HUBB) news were published by: Marketwatch.com which released: “Hubbell started at neutral with $107 stock price target at Buckingham Research” on April 17, 2012. Also Businesswire.com published the news titled: “Research and Markets: Analysis of Hubbell Incorporated” on March 06, 2013. Moodys.com‘s news article titled: “Moody’s assigned A3 rating to Hubbell’s new senior unsecured notes” with publication date: February 23, 2016 was also an interesting one.
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