Vertiv (NYSE:VRT) Price Target Raised to $125.00 at Mizuho

Vertiv (NYSE:VRT) had its price objective raised by research analysts at Mizuho from $110.00 to $125.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 15.46% from the company’s current price.

VRT has been the topic of several other research reports. Evercore ISI raised their target price on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. 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 report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Oppenheimer boosted their target price on shares of Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus target price of $115.22.

Vertiv Stock Down 3.7 %

Shares of NYSE VRT opened at $108.26 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $40.53 billion, a PE ratio of 104.10, a P/E/G ratio of 1.42 and a beta of 1.59. The firm has a fifty day moving average of $92.37 and a 200-day moving average of $89.83. Vertiv has a 52-week low of $34.60 and a 52-week high of $116.41.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts anticipate that Vertiv will post 2.58 EPS for the current year.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated 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 owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter valued at about $26,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv during the 1st quarter valued at about $27,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the 3rd quarter valued at about $29,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Vertiv during the 3rd quarter valued at about $30,000. Institutional investors own 89.92% of the company’s stock.

About Vertiv

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.