Hubbell Incorporated has been gaining considerable attention in the market, with numerous financial analysts and firms issuing a positive outlook for the company. They recently unveiled a massive capital return initiative with a $500 million share repurchase program. Barclays raised the Hubbell stock price target, suggesting a bullish sentiment from their end. The company's solid position is also backed by strong revenue results of $5.6 billion, driving a steady dividend payout. Furthermore, the CEO's strong leadership is being recognised, suggesting a possible raise. Goldman Sachs considers HUBB as an undervalued stock worth investing in. The company's CFO has scheduled a May 21 Investor Presentation planned at Wolfe Conference.
Hubbell had some fluctuations as it missed Q1 2025 forecasts, causing a slight dip in stock. Yet, it continues to be among the best Electrical Equipment Stocks to buy, indicating an investment opportunity, given its positive stance. Notably, Hubbell also completed the sale of its residential lighting business and acquired Aclara Technologies LLC for $1.1 billion. Additional managing and trading details are to be presented in a future release.
It should be noted that some shareholders expressed concern over Hubbell's P/E ratio long-term.
Hubbell Incorporated HUBB News Analytics from Fri, 12 Aug 2016 14:58:47 GMT to Sat, 21 Jun 2025 08:12:04 GMT -
Rating 8
- Innovation 3
- Rumor -2
