Vertiv Holdings Co (NYSE:VRT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vertiv Holdings Co (NYSE:VRT – Get Rating) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $18.38.

Several analysts have weighed in on the company. Cowen raised their price target on Vertiv from $20.00 to $22.00 in a report on Thursday, February 23rd. Citigroup increased their price objective on Vertiv from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. JPMorgan Chase & Co. raised their price target on Vertiv from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Vertiv from $17.00 to $19.00 in a research report on Thursday, February 23rd.

Institutional Investors Weigh In On Vertiv

Large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Vertiv during the first quarter valued at approximately $27,000. Clear Street Markets LLC bought a new position in Vertiv in the fourth quarter worth approximately $27,000. CI Investments Inc. grew its stake in Vertiv by 986.4% in the fourth quarter. CI Investments Inc. now owns 2,162 shares of the company’s stock worth $30,000 after purchasing an additional 1,963 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Vertiv by 648.5% in the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after purchasing an additional 2,166 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in Vertiv in the third quarter worth approximately $44,000. 98.59% of the stock is owned by institutional investors.

Vertiv Stock Down 2.5 %

Shares of NYSE:VRT opened at $15.56 on Monday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 51.87, a PEG ratio of 0.32 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 2.04. Vertiv has a 12-month low of $7.76 and a 12-month high of $17.88. The business’s 50 day moving average is $13.74 and its 200 day moving average is $14.22.

Vertiv (NYSE:VRT – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.68 billion. Vertiv had a return on equity of 22.92% and a net margin of 1.96%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. On average, sell-side analysts forecast that Vertiv will post 1.24 earnings per share for the current fiscal year.

Vertiv Company Profile

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Vertiv Holdings Co engages in the design, manufacture, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.