Barclays Cuts Vertiv (NYSE:VRT) Price Target to $111.00

Vertiv (NYSE:VRT) had its target price decreased by Barclays from $131.00 to $111.00 in a report issued on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer upped their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.14.

Vertiv Stock Up 1.6 %

Shares of NYSE:VRT opened at $87.78 on Monday. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv has a 1 year low of $62.40 and a 1 year high of $155.84. The business’s 50-day moving average is $116.43 and its 200-day moving average is $110.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business earned $0.56 earnings per share. Equities research analysts predict that Vertiv will post 3.59 earnings per share for the current year.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Vertiv in the 4th quarter worth $34,000. Institutional investors 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.