Citigroup Increases Vertiv (NYSE:VRT) Price Target to $110.00

Vertiv (NYSE:VRT) had its price objective boosted by investment analysts at Citigroup from $102.00 to $110.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 17.66% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Bank of America raised their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. raised their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI raised their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho raised their price objective on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Oppenheimer raised their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv Trading Up 3.5 %

VRT opened at $93.49 on Thursday. The stock has a market cap of $35.71 billion, a PE ratio of 89.89, a PEG ratio of 1.37 and a beta of 1.59. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $76.51 and a 200-day moving average of $57.47. Vertiv has a 52 week low of $13.73 and a 52 week high of $95.32.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts predict that Vertiv will post 2.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

Several large investors have recently modified their holdings of the company. Yousif Capital Management LLC bought a new stake in shares of Vertiv in the first quarter worth $322,000. Value Aligned Research Advisors LLC lifted its position in Vertiv by 11.8% during the first quarter. Value Aligned Research Advisors LLC now owns 227,956 shares of the company’s stock valued at $18,617,000 after purchasing an additional 24,074 shares in the last quarter. Legacy Bridge LLC purchased a new position in Vertiv during the first quarter valued at $1,834,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Vertiv during the first quarter valued at $14,611,000. Finally, MONECO Advisors LLC purchased a new position in Vertiv during the first quarter valued at $334,000. Institutional investors own 89.92% of the company’s stock.

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.