Research analysts at JPMorgan Chase & Co. began coverage on shares of Vertiv (NYSE:VRT) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 18.09% from the company’s previous close.
A number of other research analysts also recently issued reports on VRT. Deutsche Bank Aktiengesellschaft upped their price target on Vertiv from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Zacks Investment Research raised Vertiv from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Vertiv presently has a consensus rating of “Buy” and a consensus target price of $21.88.
NYSE VRT opened at $21.17 on Thursday. Vertiv has a 12 month low of $8.19 and a 12 month high of $22.43. The stock has a market cap of $7.44 billion, a P/E ratio of -19.97, a P/E/G ratio of 0.65 and a beta of 1.00. The stock’s fifty day moving average price is $20.60 and its 200-day moving average price is $19.21. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 6.87.
Hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc bought a new position in Vertiv in the fourth quarter valued at about $75,000. Hudock Inc. lifted its holdings in Vertiv by 99.7% in the fourth quarter. Hudock Inc. now owns 4,533 shares of the company’s stock valued at $84,000 after acquiring an additional 2,263 shares during the period. Toronto Dominion Bank bought a new position in Vertiv in the fourth quarter valued at about $93,000. Nisa Investment Advisors LLC bought a new position in Vertiv in the fourth quarter valued at about $106,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in Vertiv by 1,595.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,035,030 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915,030 shares during the period. 88.46% of the stock is currently owned by institutional investors.
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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