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Bernstein Remains a Buy on Hubbell B (HUBB)

Tipranks - Tipranks - Fri Jun 12, 7:56AM CDT

In a report released yesterday, Chad Dillard from Bernstein maintained a Buy rating on Hubbell B, with a price target of $584.00. The company’s shares closed yesterday at $467.59.

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According to TipRanks, Dillard is a 4-star analyst with an average return of 8.8% and a 63.41% success rate. Dillard covers the Industrials sector, focusing on stocks such as Caterpillar, Cummins, and Paccar.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hubbell B with a $566.17 average price target, a 21.08% upside from current levels. In a report released on June 9, Wells Fargo also maintained a Buy rating on the stock with a $560.00 price target.

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Based on Hubbell B’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.52 billion and a net profit of $181.8 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $169.7 million

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