Vertiv (NYSE:VRT - Get Free Report) had its price objective decreased by research analysts at The Goldman Sachs Group from $135.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 22.50% from the company's current price.
Several other research firms also recently weighed in on VRT. JPMorgan Chase & Co. cut their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.
Get Our Latest Report on VRT
Vertiv Trading Up 2.4 %
VRT traded up $1.66 during trading on Thursday, hitting $69.39. 8,182,977 shares of the stock traded hands, compared to its average volume of 9,021,713. Vertiv has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $26.42 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a 50-day moving average of $89.17 and a 200 day moving average of $109.50.
Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 firm earned $0.56 earnings per share. Equities research analysts anticipate that Vertiv will post 3.59 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of VRT. Independence Bank of Kentucky grew its position in shares of Vertiv by 94.3% during the 1st quarter. Independence Bank of Kentucky now owns 52,773 shares of the company's stock valued at $3,810,000 after buying an additional 25,608 shares during the last quarter. StoneCrest Wealth Management Inc. acquired a new stake in Vertiv during the 1st quarter worth about $562,000. Prospect Financial Services LLC boosted its position in shares of Vertiv by 26.8% in the first quarter. Prospect Financial Services LLC now owns 3,195 shares of the company's stock worth $231,000 after buying an additional 675 shares during the period. Intellectus Partners LLC increased its stake in Vertiv by 4.9% in the 1st quarter. Intellectus Partners LLC now owns 8,920 shares of the company's stock valued at $644,000 after buying an additional 420 shares during the period. Finally, MRA Advisory Group acquired a new stake in shares of Vertiv during the 1st quarter valued at about $660,000. Hedge funds and other institutional investors own 89.92% of the company's stock.
About Vertiv
(
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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.
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