Vertex, Inc. (NASDAQ:VERX) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Vertex, with seven buys, seven holds and one sell among 15 analysts. The average 12-month price target is $17.43, above the reported share price of $13.83.
• Vertex recently exceeded quarterly expectations, reporting EPS of $0.20 versus $0.19 expected and revenue of $203.97 million, up 10.5% year over year.
• Institutional investors own approximately 70.32% of the company’s stock, while shares have traded between $10.21 and $26.54 over the past 52 weeks.

Vertex, Inc. (NASDAQ:VERX - Get Free Report) has received an average rating of "Hold" from the fifteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.4286.

VERX has been the topic of a number of research reports. The Goldman Sachs Group restated a "buy" rating and set a $21.00 target price on shares of Vertex in a report on Thursday, May 7th. DA Davidson decreased their price target on shares of Vertex from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Vertex from a "sell (e+)" rating to a "sell (d)" rating in a research report on Wednesday, August 5th. BMO Capital Markets boosted their price objective on shares of Vertex from $14.00 to $15.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 4th. Finally, Needham & Company LLC restated a "buy" rating on shares of Vertex in a report on Monday, June 8th.

Vertex Stock Down 2.3%

Shares of NASDAQ:VERX opened at $13.83 on Wednesday. Vertex has a 52-week low of $10.21 and a 52-week high of $26.54. The firm has a market capitalization of $2.24 billion, a P/E ratio of 691.85 and a beta of 0.83. The stock has a 50 day moving average price of $12.67 and a 200-day moving average price of $12.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.87.

Vertex (NASDAQ:VERX - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $203.97 million for the quarter, compared to analyst estimates of $202.21 million. Vertex had a return on equity of 29.00% and a net margin of 0.45%.The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. As a group, equities research analysts anticipate that Vertex will post 0.54 EPS for the current fiscal year.

Institutional Trading of Vertex

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in Vertex during the fourth quarter valued at $32,000. Empowered Funds LLC bought a new stake in Vertex in the fourth quarter worth $45,000. Raymond James Financial Inc. purchased a new stake in shares of Vertex in the second quarter worth $54,000. Advisors Asset Management Inc. grew its stake in shares of Vertex by 36.9% in the fourth quarter. Advisors Asset Management Inc. now owns 3,320 shares of the company's stock worth $66,000 after acquiring an additional 895 shares during the last quarter. Finally, Palladiem LLC bought a new position in shares of Vertex during the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 70.32% of the company's stock.

About Vertex

Vertex Energy, Inc NASDAQ: VERX is a specialty refiner and marketer of transportation fuels and petrochemical feedstocks in the United States. The company collects and processes a variety of waste petroleum products, including used motor oil and industrial lubricants, which it converts into ultra-low-sulfur diesel, asphalt, and other refined products. By leveraging proprietary re-refining technologies and strategic feedstock sourcing, Vertex Energy aims to deliver cost-effective, lower-carbon fuel solutions to wholesale and retail customers across the country.

Headquartered in Houston, Texas, Vertex operates a network of refining and blending facilities in key regions, including the Central, Northeast and Mid-Atlantic markets.

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