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Morgan Stanley Stick to Their Hold Rating for Hubbell B

Published 07/14/2020, 09:16 AM
Updated 07/14/2020, 09:16 AM


Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Hold rating on Hubbell B (NYSE:HUBB) on Tuesday, setting a price target of $132, which is approximately 5.90% above the present share price of $124.65.

Pokrzywinski expects Hubbell B to post earnings per share (EPS) of $1.38 for the third quarter of 2020.

The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Hubbell B, with an average price target of $142.
The analysts price targets range from a high of $148 to a low of $132.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.09 billion and a net profit of $118.8 million. The company's market cap is $6.72 billion.

According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.0% and a 46.34% success rate.

Hubbell, Inc. engages in designing, manufacturing and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates though the following segments: Electrical and Power. The Electrical segment manufactures and sells wiring and electrical, lighting fixtures and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Power segment consists of operations that design, manufacture and sale of transmission and distribution components primarily for the electrical utilities industry. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.

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