Cowen Cuts Vertiv (NYSE:VRT) Price Target to $11.75

Vertiv (NYSE:VRTGet Rating) had its target price decreased by equities research analysts at Cowen from $12.75 to $11.75 in a research note issued on Friday, The Fly reports. Cowen’s price target suggests a potential upside of 6.53% from the company’s current price.

VRT has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Vertiv from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Mizuho reduced their price target on Vertiv from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. The Goldman Sachs Group boosted their price target on Vertiv from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. TheStreet upgraded Vertiv from a “d” rating to a “c” rating in a research report on Thursday, September 15th. Finally, Citigroup upped their price objective on Vertiv from $14.00 to $15.00 in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.19.

Vertiv Trading Down 6.1 %

Shares of VRT stock opened at $11.03 on Friday. Vertiv has a fifty-two week low of $7.76 and a fifty-two week high of $27.97. The stock has a market cap of $4.16 billion, a P/E ratio of 367.67, a P/E/G ratio of 1.36 and a beta of 1.40. The business has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $11.48. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 2.31.

Vertiv (NYSE:VRTGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Vertiv had a return on equity of 7.73% and a net margin of 2.06%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, analysts forecast that Vertiv will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC raised its position in Vertiv by 47.2% during the second quarter. Verition Fund Management LLC now owns 513,755 shares of the company’s stock valued at $4,223,000 after buying an additional 164,676 shares during the period. Captrust Financial Advisors raised its position in Vertiv by 13.2% during the second quarter. Captrust Financial Advisors now owns 187,870 shares of the company’s stock valued at $1,544,000 after buying an additional 21,915 shares during the period. ExodusPoint Capital Management LP raised its position in Vertiv by 320.9% during the second quarter. ExodusPoint Capital Management LP now owns 50,570 shares of the company’s stock valued at $416,000 after buying an additional 38,556 shares during the period. Walleye Capital LLC acquired a new position in Vertiv during the second quarter valued at $203,000. Finally, Goldman Sachs Group Inc. raised its position in Vertiv by 56.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,496,159 shares of the company’s stock valued at $12,298,000 after buying an additional 540,718 shares during the period. 88.42% of the stock is owned by hedge funds and other institutional investors.

Vertiv Company Profile

(Get Rating)

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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

Read More

The Fly logo

Analyst Recommendations for Vertiv (NYSE:VRT)

Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.