Vertiv (NYSE:VRT) Price Target Increased to $125.00 by Analysts at Mizuho

Vertiv (NYSE:VRT) had its price objective boosted by investment analysts at Mizuho from $110.00 to $125.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 11.47% from the stock’s previous close.

A number of other brokerages have also commented on VRT. TD Cowen boosted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Oppenheimer raised their target price on shares of Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America lifted their price target on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $122.11.

Vertiv Trading Up 1.9 %

NYSE:VRT opened at $112.14 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The business’s 50-day simple moving average is $92.92 and its 200-day simple moving average is $89.97. Vertiv has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The stock has a market capitalization of $41.98 billion, a PE ratio of 107.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Vertiv will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VRT. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the second quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new stake in Vertiv in the 1st quarter valued at $27,000. Mather Group LLC. grew its holdings in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC bought a new position in Vertiv during the 3rd quarter worth $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the third quarter worth $30,000. Institutional investors and hedge funds 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.