Vertiv Holdings Co (NYSE:VRT) Receives Average Rating of “Buy” from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRT) have been given an average rating of “Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.44.

A number of brokerages have recently issued reports on VRT. Deutsche Bank Aktiengesellschaft raised their price objective on Vertiv from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Zacks Investment Research raised Vertiv from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday. Citigroup boosted their price objective on Vertiv from $25.00 to $29.00 in a research report on Thursday, April 29th. Finally, JPMorgan Chase & Co. started coverage on Vertiv in a research note on Wednesday, April 14th. They issued an “overweight” rating and a $25.00 target price on the stock.

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in Vertiv by 0.6% during the fourth quarter. Stifel Financial Corp now owns 83,518 shares of the company’s stock worth $1,560,000 after buying an additional 484 shares in the last quarter. Elevated Capital Advisors LLC grew its position in Vertiv by 2.0% during the first quarter. Elevated Capital Advisors LLC now owns 29,696 shares of the company’s stock worth $647,000 after buying an additional 594 shares in the last quarter. Global Retirement Partners LLC grew its position in Vertiv by 44.6% during the first quarter. Global Retirement Partners LLC now owns 2,754 shares of the company’s stock worth $55,000 after buying an additional 849 shares in the last quarter. Stephenson National Bank & Trust grew its position in Vertiv by 11.0% during the first quarter. Stephenson National Bank & Trust now owns 12,387 shares of the company’s stock worth $248,000 after buying an additional 1,230 shares in the last quarter. Finally, Hudock Inc. grew its position in Vertiv by 29.3% during the first quarter. Hudock Inc. now owns 5,859 shares of the company’s stock worth $117,000 after buying an additional 1,326 shares in the last quarter. Institutional investors own 88.46% of the company’s stock.

VRT stock traded down $0.22 during trading hours on Tuesday, hitting $22.60. 3,274,198 shares of the stock were exchanged, compared to its average volume of 4,272,586. The firm has a market capitalization of $7.94 billion, a P/E ratio of -21.32, a P/E/G ratio of 0.65 and a beta of 1.00. Vertiv has a 12 month low of $9.72 and a 12 month high of $23.48. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 6.87. The company has a 50-day simple moving average of $21.26 and a two-hundred day simple moving average of $19.81.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 28th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts predict that Vertiv will post 0.77 earnings per share for the current year.

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.

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Analyst Recommendations for Vertiv (NYSE:VRT)

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