Evercore ISI Increases Vertiv (NYSE:VRT) Price Target to $135.00

Vertiv (NYSE:VRT) had its price target boosted by analysts at Evercore ISI from $125.00 to $135.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price target suggests a potential upside of 20.39% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen raised their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Mizuho increased their price target on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Oppenheimer boosted their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $122.11.

Vertiv Trading Up 1.9 %

Shares of Vertiv stock opened at $112.14 on Thursday. The company has a market capitalization of $41.98 billion, a P/E ratio of 107.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The stock has a fifty day simple moving average of $92.92 and a 200 day simple moving average of $89.97. Vertiv has a 12-month low of $34.60 and a 12-month high of $116.41. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Vertiv will post 2.58 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC increased its holdings in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP increased its stake in Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after acquiring an additional 112 shares in the last quarter. Callan Family Office LLC boosted its position in shares of Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after acquiring an additional 137 shares during the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of Vertiv by 11.1% during the third quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $149,000 after purchasing an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.