Mizuho Boosts Vertiv (NYSE:VRT) Price Target to $95.00

Vertiv (NYSE:VRT) had its price target upped by analysts at Mizuho from $56.00 to $95.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 1.62% from the company’s current price.

Several other equities research analysts also recently commented on the company. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI boosted their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup boosted their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America upped their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv Trading Up 3.5 %

Vertiv stock opened at $93.49 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $76.51 and its two-hundred day simple moving average is $57.59. Vertiv has a 12 month low of $13.73 and a 12 month high of $95.32. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Vertiv will post 2.35 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated 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. 5.62% of the stock is owned by company insiders.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. CWM LLC increased its position in Vertiv by 90.5% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock worth $157,000 after buying an additional 2,010 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Vertiv by 30.0% during the third quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock worth $61,000 after purchasing an additional 366 shares in the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of Vertiv during the third quarter worth about $542,000. Commonwealth Equity Services LLC purchased a new stake in shares of Vertiv during the third quarter worth about $2,241,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Vertiv by 5.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock worth $1,789,000 after purchasing an additional 2,548 shares in the last quarter. Hedge funds and other 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.