Oppenheimer Forecasts Strong Price Appreciation for Vertiv (NYSE:VRT) Stock

Vertiv (NYSE:VRT - Get Free Report) had its price target boosted by equities research analysts at Oppenheimer from $121.00 to $131.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target would suggest a potential downside of 7.05% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup boosted their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. The Goldman Sachs Group cut their target price on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 target price on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $138.50.

Vertiv Stock Performance

Shares of VRT stock traded up $17.92 during trading hours on Tuesday, hitting $140.94. 14,799,022 shares of the company were exchanged, compared to its average volume of 8,199,411. The firm has a fifty day simple moving average of $106.34 and a 200 day simple moving average of $93.93. The stock has a market capitalization of $52.90 billion, a price-to-earnings ratio of 90.17, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv has a 52-week low of $41.01 and a 52-week high of $141.07. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the company earned $0.52 EPS. The firm's revenue was up 19.0% compared to the same quarter last year. Research analysts predict that Vertiv will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company's stock, valued at approximately $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC increased its position in Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after purchasing an additional 408,054 shares during the period. Price T Rowe Associates Inc. MD increased its position in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the period. Jennison Associates LLC increased its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Finally, Wellington Management Group LLP increased its position in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.