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

Vertiv (NYSE:VRT) had its price target trimmed by Barclays from $131.00 to $111.00 in a report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also recently issued reports on VRT. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group increased their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Stock Up 1.6 %

NYSE VRT opened at $87.78 on Monday. The stock has a market capitalization of $33.43 billion, a PE ratio of 68.58, a PEG ratio of 1.07 and a beta of 1.71. Vertiv has a 1 year low of $62.40 and a 1 year high of $155.84. The business’s 50-day moving average is $116.43 and its 200 day moving average is $110.63. 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) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the business posted $0.56 earnings per share. Sell-side analysts forecast that Vertiv will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp increased its stake in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after buying an additional 85 shares in the last quarter. Accurate Wealth Management LLC grew its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC grew its stake in Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its stake in shares of Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after buying an additional 97 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.