Vertiv (NYSE:VRT) Price Target Raised to $155.00 at Citigroup

Vertiv (NYSE:VRT) had its target price boosted by equities researchers at Citigroup from $141.00 to $155.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 21.94% from the company’s previous close.

A number of other analysts have also recently issued reports on VRT. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Finally, TD Cowen boosted 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. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and a consensus price target of $139.90.

Vertiv Stock Performance

NYSE:VRT traded down $6.74 on Monday, reaching $127.11. 7,013,546 shares of the company’s stock were exchanged, compared to its average volume of 8,151,397. The stock has a fifty day simple moving average of $118.10 and a 200-day simple moving average of $97.40. Vertiv has a 52 week low of $44.31 and a 52 week high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $47.71 billion, a price-to-earnings ratio of 84.74, a P/E/G ratio of 1.38 and a beta of 1.61.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating 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 7.72% and a return on equity of 55.33%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. As a group, sell-side analysts predict that Vertiv will post 2.69 earnings per share for the current year.

Insider Activity

In other news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new stake in Vertiv in the second quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the third quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Vertiv in the 3rd quarter worth $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.