Vertiv (NYSE:VRT) Upgraded to "Moderate Buy" at Royal Bank of Canada

Vertiv (NYSE:VRT - Get Free Report) was upgraded by investment analysts at Royal Bank of Canada to a "moderate buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages also recently commented on VRT. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Barclays reduced their price target on Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Finally, Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $136.07.

Vertiv Stock Performance

Shares of NYSE VRT traded up $3.12 during trading on Thursday, reaching $85.16. The stock had a trading volume of 9,669,148 shares, compared to its average volume of 11,002,693. Vertiv has a one year low of $62.40 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $32.43 billion, a PE ratio of 66.53, a P/E/G ratio of 1.07 and a beta of 1.71. The firm's 50 day moving average price is $115.09 and its two-hundred day moving average price is $110.47.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the company posted $0.56 earnings per share. On average, research analysts forecast that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC raised its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd raised its position in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after purchasing an additional 4,500 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Company Profile

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.