Vertiv (NYSE:VRT) Coverage Initiated by Analysts at Royal Bank of Canada

Analysts at Royal Bank of Canada started coverage on shares of Vertiv (NYSE:VRT) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $121.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 47.92% from the company’s previous close.

VRT has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Melius lowered 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. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

Shares of NYSE VRT opened at $81.80 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market cap of $31.15 billion, a PE ratio of 63.91, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a fifty day moving average price of $115.69 and a 200 day moving average price of $110.43. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm posted $0.56 earnings per share. Sell-side analysts forecast that Vertiv will post 3.59 EPS for the current year.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased 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 worth $30,000 after buying an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv in the fourth quarter valued at $34,000. 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.