RBC Capital analyst Deane Dray maintained a Buy rating on nVent Electric (NYSE:NVT) plc on Thursday, setting a price target of $27, which is approximately 18.27% above the present share price of $22.83.
Dray expects nVent Electric plc to post earnings per share (EPS) of -$0.82 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in nVent Electric, with an average price target of $29.25.
The analysts price targets range from a high of $32 to a low of $27.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $509.3 million and a net profit of $78.9 million. The company's market cap is $3.88 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.6% and a 58.25% success rate.
nVent Electric Plc engages in the provision of electrical connection and protection solutions. It operates through the following segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment offers solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment. The Thermal Management segment includes electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. The Electrical & Fastening Solution segment consists of fastening solutions that connect and protect electrical and mechanical systems and civil structures. The company was founded on May 30, 2017 and is headquartered in London, the United Kingdom.