Mizuho Increases Vertiv (NYSE:VRT) Price Target to $145.00

Vertiv (NYSE:VRT) had its price target lifted by Mizuho from $125.00 to $145.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 5.41% from the company’s previous close.

A number of other research firms also recently weighed in on VRT. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. TD Cowen increased their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $138.50.

Vertiv Price Performance

VRT opened at $137.56 on Tuesday. Vertiv has a 12-month low of $41.01 and a 12-month high of $141.76. The firm has a market capitalization of $51.63 billion, a P/E ratio of 91.71, a PEG ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average of $108.75 and a 200-day moving average of $94.57.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities analysts forecast that Vertiv will post 2.69 EPS for the current fiscal year.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new position in Vertiv in the second quarter valued at approximately $26,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.