nVent Electric plc (NVT)
NYSE: NVT · IEX Real-Time Price · USD
74.34
+0.81 (1.10%)
Apr 25, 2024, 1:08 PM EDT - Market open
nVent Electric Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for nVent Electric stock have an average target of 81.6, with a low estimate of 72 and a high estimate of 91. The average target predicts an increase of 9.77% from the current stock price of 74.34.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $71 → $91 | Strong Buy | Maintains | $71 → $91 | +22.41% | Apr 8, 2024 |
| Barclays | Barclays | Buy Maintains $74 → $85 | Buy | Maintains | $74 → $85 | +14.34% | Apr 2, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $69 → $77 | Strong Buy | Maintains | $69 → $77 | +3.58% | Mar 15, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $83 | Strong Buy | Initiates | $83 | +11.65% | Mar 11, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $65 → $72 | Buy | Maintains | $65 → $72 | -3.15% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
3.60B
from 3.26B
Increased by 10.31%
Revenue Next Year
3.79B
from 3.60B
Increased by 5.14%
EPS This Year
3.28
from 3.37
Decreased by -2.55%
EPS Next Year
3.59
from 3.28
Increased by 9.31%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.8B | 4.0B | 4.2B |
| Avg | 3.6B | 3.8B | 3.9B |
| Low | 3.5B | 3.6B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.5% | 11.4% | 10.0% |
| Avg | 10.3% | 5.1% | 4.3% |
| Low | 6.3% | 0.9% | 0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.47 | 3.85 | 4.10 |
| Avg | 3.28 | 3.59 | 3.87 |
| Low | 3.15 | 3.42 | 3.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.8% | 17.3% | 14.1% |
| Avg | -2.5% | 9.3% | 7.8% |
| Low | -6.7% | 4.1% | 3.5% |
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.