Hubbell Inc
HUBB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $fq | LOCK|WD | LOCK|>jZj!$ |
Hubbell: Reinitiating Coverage on This Wide-Moat Electrical Grid Powerhouse
We assign Hubbell a fair value estimate of $365 per share after reinitiating coverage. Hubbell's value is underpinned by a wide economic moat, through which we believe it can produce returns above its cost of capital over the next two decades. We also assign Hubbell a Standard capital allocation rating, reflecting its durable balance sheet, sound investment decisions, and reasonable shareholder distributions.
