nVent Electric plc (NVT)
NYSE: NVT · IEX Real-Time Price · USD
75.62
+0.49 (0.65%)
Jul 2, 2024, 4:00 PM EDT - Market closed
nVent Electric Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for nVent Electric stock have an average target of 89, with a low estimate of 83 and a high estimate of 95. The average target predicts an increase of 17.69% from the current stock price of 75.62.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for nVent Electric stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $85 → $95 | Buy | Maintains | $85 → $95 | +25.63% | Jun 4, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $91 → $92 | Strong Buy | Maintains | $91 → $92 | +21.66% | May 6, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $89 → $88 | Buy | Maintains | $89 → $88 | +16.37% | May 6, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $77 → $87 | Strong Buy | Maintains | $77 → $87 | +15.05% | May 6, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $71 → $91 | Strong Buy | Maintains | $71 → $91 | +20.34% | Apr 8, 2024 |
Financial Forecast
Revenue This Year
3.61B
from 3.26B
Increased by 10.71%
Revenue Next Year
3.84B
from 3.61B
Increased by 6.39%
EPS This Year
3.30
from 3.37
Decreased by -2.03%
EPS Next Year
3.61
from 3.30
Increased by 9.32%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.8B | 4.3B | 4.6B | 5.1B | 5.7B |
| Avg | 3.6B | 3.8B | 4.1B | 4.9B | 5.5B |
| Low | 3.5B | 3.7B | 3.8B | 4.8B | 5.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.0% | 18.4% | 20.0% | 26.6% | 16.2% |
| Avg | 10.7% | 6.4% | 5.6% | 21.8% | 11.8% |
| Low | 6.8% | 1.1% | -1.2% | 18.2% | 8.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.47 | 3.91 | 4.29 |
| Avg | 3.30 | 3.61 | 3.92 |
| Low | 3.19 | 3.41 | 3.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.8% | 18.3% | 19.0% |
| Avg | -2.0% | 9.3% | 8.5% |
| Low | -5.5% | 3.3% | 0.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.