Vertiv (NYSE:VRT) Stock Rating Upgraded by Roth Capital
Roth Capital upgraded Vertiv (NYSE:VRT) to a "strong-buy" rating. The stock has received various ratings from other analysts, with a consensus target price of $128.94. Vertiv's stock opened at $62.95, with a market cap of $23.97 billion and a price-to-earnings ratio of 49.18. The company reported $0.99 earnings per share, exceeding estimates. Institutional investors hold 89.92% of the stock, indicating strong interest. Vertiv specializes in critical digital infrastructure technologies for data centers and communication networks.
Vertiv (NYSE:VRT - Get Free Report) was upgraded by analysts at Roth Capital to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.
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VRT has been the subject of a number of other research reports. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday. They issued a "buy" rating and a $75.00 target price for the company. Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Finally, Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.94.
Check Out Our Latest Stock Report on Vertiv
Vertiv Trading Down 1.4 %
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Vertiv stock opened at $62.95 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm's 50 day moving average price is $92.64 and its two-hundred day moving average price is $110.35. Vertiv has a 1 year low of $53.60 and a 1 year high of $155.84.
Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 prior year, the company earned $0.56 EPS. On average, research analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.
Institutional Trading of Vertiv
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the 4th quarter worth approximately $597,379,000. Finally, Wellington Management Group LLP boosted its position in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
About Vertiv
(Get Free Report)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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