Vertiv (NYSE:VRT) Given New $323.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Vertiv’s price target to $323 from $337 while maintaining an “outperform” rating, implying about 41.6% upside from the prior close.
• Analyst sentiment remains broadly positive: Vertiv has a “Moderate Buy” consensus rating and an average price target of $337.15, despite targets being reduced by several firms.
• Vertiv reported quarterly adjusted EPS of $1.52, beating estimates of $1.43, while revenue rose 24.1% year over year to $3.27 billion; the stock traded at $228.07 during Wednesday’s session.

Vertiv (NYSE:VRT - Get Free Report) had its price objective lowered by equities researchers at Royal Bank Of Canada from $337.00 to $323.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 41.62% from the stock's previous close.

A number of other equities analysts have also commented on VRT. BNP Paribas Exane dropped their price objective on Vertiv from $380.00 to $365.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Glj Research initiated coverage on Vertiv in a research note on Tuesday, October 6th. They set a "sell" rating and a $188.00 target price for the company. Daiwa Securities Group lowered their target price on Vertiv from $400.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Vertiv in a report on Monday, September 28th. Finally, UBS Group reaffirmed a "buy" rating and issued a $370.00 price target on shares of Vertiv in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and an average target price of $337.15.

Vertiv Stock Performance

NYSE:VRT traded down $9.22 during midday trading on Wednesday, reaching $228.07. The stock had a trading volume of 887,056 shares, compared to its average volume of 6,308,555. The stock has a market capitalization of $87.81 billion, a P/E ratio of 51.79, a PEG ratio of 0.89 and a beta of 2.05. Vertiv has a 1-year low of $147.82 and a 1-year high of $379.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The firm's fifty day simple moving average is $259.36 and its 200-day simple moving average is $289.79.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the business earned $0.95 EPS. The business's revenue was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, equities research analysts forecast that Vertiv will post 6.73 EPS for the current fiscal year.

Insider Activity

In other news, Director Edward Monser sold 15,287 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares of the company's stock, valued at approximately $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new stake in shares of Vertiv during the second quarter worth approximately $441,083,000. State Street Corp raised its stake in shares of Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company's stock valued at $5,535,087,000 after acquiring an additional 704,970 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vertiv by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company's stock valued at $604,059,000 after acquiring an additional 608,176 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of Vertiv in the 1st quarter worth approximately $119,633,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Vertiv by 14.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company's stock worth $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

About Vertiv

Vertiv Holdings Co provides digital infrastructure and continuity solutions for data centers, communication networks, and other technology-intensive facilities. The company helps customers design, build, operate, and maintain infrastructure that supports the availability, performance, and efficiency of critical digital systems.

Its product portfolio includes power management and distribution equipment, uninterruptible power supplies, switchgear, busways, racks, integrated modular systems, and data center infrastructure.

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