Seaport Global Remains a Buy on nVent Electric (NVT)
In a report released today, from Seaport Global maintained a Buy rating on nVent Electric, with a price target of $190.00.
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In a report released on May 5, Citi also assigned a Buy rating to the stock with a $187.00 price target.
Based on nVent Electric’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.24 billion and a net profit of $140.7 million. In comparison, last year the company earned a revenue of $809.3 million and had a net profit of $360.7 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVT in relation to earlier this year. Earlier this month, Lynnette R Heath, the EVP HR of NVT sold 27,471.00 shares for a total of $4,603,554.35.
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- nVent Electric price target raised to $187 from $152 at Citi
- nVent Electric price target raised to $185 from $135 at Roth Capital
- nVent Electric price target raised to $187 from $136 at Deutsche Bank
- nVent Electric price target raised to $190 from $160 at Evercore ISI
- nVent Electric price target raised to $180 from $151 at RBC Capital
