Hubbell Incorporated (HUBB) continues to demonstrate strong financials, earning a general consensus of
\"Moderate Buy\" from analysts due to its encouraging Q2 earnings and rising share price. The company plans to announce Q3 2024 results on October 29th, 2024, since the bullish trend is expected to continue. This expectation is augmented by recent stock purchases by Swedbank AB, nVerses Capital LLC, Exchange Traded Concepts LLC, and Insight Wealth Strategies LLC, among others, with numerous investment firms increasing their positions in HUBB. Furthermore, HUBB's share price target has been increased to
$490.00 by Mizuho's analysts, underlining the positive market sentiment. The company's recent growth is due to its involvement in several
momentous electricity projects and restructuring efforts which could enhance free cash flow growth. Outstandingly, Hubbell recently made a notable acquisition, purchasing Systems Control from Comvest Partners. However, potential caution signs include the sale of HUBB's stock by insiders worth US$8.1 million and recent share selling activities by Millennium Management LLC and Bard Financial Services Inc.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Fri, 18 Oct 2024 08:31:43 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor 2
