nVent Electric plc which can be found using ticker (NVT) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 55 and 46 calculating the average target price we see $51.67. Given that the stocks previous close was at $44.04 this would imply there is now a potential upside of 17.3%. There is a 50 day moving average of $43.74 and the 200 day MA is $37.86. The market cap for the company is $7,246m. You can visit the company’s website by visiting: https://www.nvent.com
The potential market cap would be $8,502m based on the market consensus.
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; indoor and outdoor protection for test and measurement and aerospace and defense applications in industrial, infrastructure, commercial, and energy verticals; and metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Electrical & Fastening Solutions segment offers fastening solutions to connect and protect electrical and mechanical systems, and civil structures; and engineered electrical and fastening products. The Thermal Management segment offers electric thermal solutions that connect and protect buildings, infrastructure, industrial processes, and people; and provides thermal management systems comprising heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. It sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. The company markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. It serves the energy, industrial, infrastructure, and commercial and residential sectors. The company was founded in 1903 and is based in London, the United Kingdom.
The company has a dividend yield of 1.59% with the ex dividend date set at 27-4-2023 (DMY).
Other points of data to note are a P/E ratio of 18.38, revenue per share of 17.49 and a 6.63% return on assets.
