Wells Fargo analyst Joe O'Dea maintains $Hubbell (HUBB.US)$ with a hold rating, and maintains the target price at $455.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 8.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hubbell (HUBB.US)$'s main analysts recently are as follows:
Despite Hubbell falling short of Q3 organic growth forecasts and projecting Q4 figures roughly 350 basis points under the consensus if one excludes the impact of storm-related demand, the market's strong belief in the Utility segment's prospects over the coming year has enabled it to overlook these organic growth shortfalls and a prolonged inventory reduction. While there is a shared optimism for Utility segment improvements in the ensuing twelve months, there is some apprehension regarding the ambitious expectations set for FY25, particularly since Hubbell Utility volumes have grown at merely a 2% compound annual growth rate since 2020, despite numerous favorable conditions within the industry.
Hubbell's performance on margins remains strong, and the concerns regarding a potential margin contraction seem to be unsubstantiated.
The company's Q3 organic results were seen in a fairly positive light amidst a backdrop that has been unforgiving towards revenue shortfalls. This perception is partly due to the company's thematic exposure, which is expected to experience accelerated growth once the current headwinds in telecom and inventory destocking subside.
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富国集团分析师Joe O'Dea维持$哈勃集团 (HUBB.US)$持有评级,维持目标价455美元。
根据TipRanks数据显示,该分析师近一年总胜率为59.1%,总平均回报率为8.7%。
此外,综合报道,$哈勃集团 (HUBB.US)$近期主要分析师观点如下:
尽管Hubbell未达到第三季度的有机增长预期,并且如果排除与风暴相关的需求的影响,预计第四季度的数字将比共识低约350个基点,但市场对公用事业板块来年前景的坚定信念使其得以忽视这些有机增长不足和长期库存减少。尽管人们普遍对公用事业板块在接下来的十二个月中的改善持乐观态度,但有人对25财年设定的雄心勃勃的预期感到担忧,尤其是自2020年以来,尽管该行业存在许多有利条件,但哈贝尔公用事业的销量仍仅以2%的复合年增长率增长。
Hubbell的利润率表现仍然强劲,对潜在利润收缩的担忧似乎没有根据。
在收入短缺的背景下,该公司第三季度的有机业绩表现相当乐观。这种看法部分归因于该公司的主题敞口,一旦当前电信和库存去库存的不利因素消退,预计该公司的主题风险敞口将加速增长。
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