Morgan Stanley Cuts Vertiv (NYSE:VRT) Price Target to $125.00

Vertiv (NYSE:VRT - Get Free Report) had its price objective decreased by analysts at Morgan Stanley from $140.00 to $125.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 43.58% from the company's previous close.

A number of other research analysts also recently weighed in on the stock. Barclays decreased their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Melius Research restated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday. Finally, The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Stock Up 3.8 %

VRT stock traded up $3.18 during trading hours on Thursday, reaching $87.06. 14,306,641 shares of the stock were exchanged, compared to its average volume of 9,013,845. The firm's 50-day moving average is $81.05 and its 200-day moving average is $107.57. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 68.02, a PEG 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.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. On average, equities research analysts expect that Vertiv will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the 4th quarter worth $30,000. North Star Investment Management Corp. raised its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the 4th quarter worth $34,000. Institutional investors and hedge funds 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.