Vertiv (NYSE:VRT) Price Target Lowered to $100.00 at Barclays

Vertiv (NYSE:VRT) had its target price decreased by equities research analysts at Barclays from $111.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 19.21% from the company’s current price.

Several other equities research analysts have also recently commented on VRT. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Price Performance

Shares of NYSE VRT opened at $83.89 on Wednesday. The business has a 50 day moving average price of $106.11 and a two-hundred day moving average price of $111.68. Vertiv has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market cap of $31.94 billion, a PE ratio of 66.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 last year, the firm posted $0.56 earnings per share. Sell-side analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently modified their holdings of VRT. Silverleafe Capital Partners LLC purchased a new stake in shares of Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC increased its position in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after buying an additional 936,698 shares in the last quarter. Institutional investors and hedge funds 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.