Barclays Cuts Vertiv (NYSE:VRT) Price Target to $111.00

Vertiv (NYSE:VRT - Get Free Report) had its price objective lowered by analysts at Barclays from $131.00 to $111.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 26.45% from the stock's previous close.

Several other research firms also recently weighed in on VRT. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Finally, Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.14.

Vertiv Trading Up 1.6 %

NYSE VRT traded up $1.39 on Monday, hitting $87.78. 8,095,621 shares of the stock were exchanged, compared to its average volume of 11,051,364. Vertiv has a 52-week low of $62.40 and a 52-week high of $155.84. The firm has a market capitalization of $33.43 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a fifty day moving average price of $116.43 and a two-hundred day moving average price of $110.63. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 business earned $0.56 earnings per share. Research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently bought and sold shares of VRT. Park Square Financial Group LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $70,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Vertiv in the fourth quarter valued at approximately $39,060,000. Virtue Capital Management LLC lifted its holdings in Vertiv by 4.6% in the fourth quarter. Virtue Capital Management LLC now owns 15,750 shares of the company's stock valued at $1,789,000 after acquiring an additional 689 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Vertiv by 31.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 8,555 shares of the company's stock valued at $972,000 after acquiring an additional 2,053 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in Vertiv in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.