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Analysts Offer Insights on Industrial Goods Companies: nVent Electric (NVT) and Standex International (SXI)

Tipranks - Sat May 2, 4:12PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on nVent Electric (NVT) and Standex International (SXI) with bullish sentiments.

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nVent Electric (NVT)

In a report released today, Brian Drab from William Blair maintained a Buy rating on nVent Electric. The company’s shares closed last Friday at $158.92.

According to TipRanks.com, Drab is a 5-star analyst with an average return of 29.9% and a 66.4% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings, Donaldson Company, and Generac Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for nVent Electric with a $149.86 average price target, representing a -8.8% downside. In a report issued on April 17, TipRanks – xAI also reiterated a Buy rating on the stock with a $150.00 price target.

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Standex International (SXI)

In a report released today, Ross Sparenblek from William Blair reiterated a Buy rating on Standex International. The company’s shares closed last Friday at $248.63.

According to TipRanks.com, Sparenblek is a 4-star analyst with an average return of 18.0% and a 72.3% success rate. Sparenblek covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Enerpac Tool Group, and Federal Signal. ;'>

Standex International has an analyst consensus of Strong Buy, with a price target consensus of $301.33, a 12.3% upside from current levels. In a report issued on April 20, D.A. Davidson also maintained a Buy rating on the stock with a $323.00 price target.

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