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

Vertiv (NYSE:VRT) had its target price decreased by analysts at Barclays from $131.00 to $111.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 16.73% from the stock’s previous close.

Several other research firms have also commented on VRT. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Stock Performance

NYSE VRT opened at $95.09 on Monday. The business’s 50-day simple moving average is $118.34 and its 200-day simple moving average is $110.72. The firm has a market capitalization of $35.69 billion, a P/E ratio of 74.29, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $0.56 EPS. Equities analysts predict that Vertiv will post 3.59 EPS for the current year.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System grew its stake in Vertiv by 19.9% in the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after purchasing an additional 5,187 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Vertiv by 47.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock worth $406,000 after acquiring an additional 1,310 shares in the last quarter. Financial Advocates Investment Management bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $210,000. Focus Financial Network Inc. bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $314,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Vertiv during the 3rd quarter valued at approximately $652,000. 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.