JPMorgan Chase & Co. Increases Vertiv (NYSE:VRT) Price Target to $127.00

Vertiv (NYSE:VRT - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $100.00 to $127.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 19.80% from the company's current price.

Several other research firms also recently issued reports on VRT. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Melius Research restated a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Finally, Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.06.

Vertiv Price Performance

VRT stock traded up $0.63 during trading on Friday, reaching $106.01. 5,131,047 shares of the company were exchanged, compared to its average volume of 10,891,038. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's 50 day moving average price is $82.24 and its 200 day moving average price is $106.10. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market cap of $40.40 billion, a P/E ratio of 82.82, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. As a group, analysts predict that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter valued at approximately $26,000. GW&K Investment Management LLC purchased a new stake in Vertiv during the first quarter worth approximately $26,000. SouthState Corp acquired a new stake in shares of Vertiv in the first quarter worth $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter worth $30,000. Finally, North Star Investment Management Corp. raised its stake in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

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