Vertiv (NYSE:VRT) PT Raised to $125.00 at Evercore ISI

Vertiv (NYSE:VRT) had its price target increased by research analysts at Evercore ISI from $105.00 to $125.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 17.02% from the company’s current price.

A number of other analysts have also recently weighed in on VRT. TD Cowen increased their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group dropped their price target 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. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday. They set a “buy” rating and a $125.00 price objective for the company. Finally, Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $106.89.

Vertiv Stock Performance

Shares of VRT stock opened at $106.82 on Monday. The company has a market cap of $39.99 billion, a P/E ratio of 102.71, a PEG ratio of 1.26 and a beta of 1.59. The business has a 50 day moving average of $83.31 and a two-hundred day moving average of $87.50. Vertiv has a 52 week low of $34.60 and a 52 week high of $109.27. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts anticipate that Vertiv will post 2.58 EPS for the current year.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the 2nd quarter valued at $26,000. Atticus Wealth Management LLC acquired a new position in shares of Vertiv in the first quarter worth about $27,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Vertiv during the second quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Vertiv in the 1st quarter valued at approximately $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.