Royal Bank Of Canada Forecasts Strong Price Appreciation for Vertiv (NYSE:VRT) Stock

Key Points

• Royal Bank of Canada raised its price target for Vertiv (NYSE:VRT) from $191 to $196, indicating a potential upside of 8.98% from the previous close.
• Multiple brokerages, including Barclays and Morgan Stanley, have increased their price targets for Vertiv stock, with a consensus rating of "Moderate Buy" among analysts.
• Vertiv reported a strong quarterly result with earnings of $1.24 per share, surpassing expectations and reflecting a 29% year-over-year revenue increase of $2.68 billion.

Vertiv (NYSE:VRT - Get Free Report) had its price target boosted by equities research analysts at Royal Bank Of Canada from $191.00 to $196.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 8.98% from the stock's previous close.

Several other research analysts have also commented on VRT. Barclays boosted their price objective on shares of Vertiv from $145.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Vertiv from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. UBS Group set a $201.00 price target on shares of Vertiv and gave the company a "buy" rating in a research note on Thursday. Rothschild Redb upgraded shares of Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Finally, Citigroup upped their price target on shares of Vertiv from $167.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.45.

Vertiv Stock Up 4.8%

Shares of VRT traded up $8.26 during mid-day trading on Thursday, hitting $179.85. The company's stock had a trading volume of 1,526,089 shares, compared to its average volume of 8,836,466. The company's 50-day moving average is $145.24 and its 200-day moving average is $122.05. Vertiv has a 52-week low of $53.60 and a 52-week high of $184.50. The firm has a market capitalization of $68.68 billion, a price-to-earnings ratio of 86.35, a PEG ratio of 1.50 and a beta of 1.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The company's revenue was up 29.0% compared to the same quarter last year. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. On average, equities research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In other news, insider Paul Ryan sold 22,218 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the transaction, the insider directly owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. This trade represents a 63.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 180,952 shares of company stock valued at $23,360,571. Corporate insiders own 2.63% of the company's stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. increased its position in Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company's stock worth $25,000 after purchasing an additional 156 shares during the last quarter. Pacer Advisors Inc. increased its position in Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company's stock worth $26,000 after purchasing an additional 69 shares during the last quarter. True Wealth Design LLC increased its position in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company's stock valued at $29,000 after acquiring an additional 68 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of Vertiv during the second quarter valued at about $26,000. Finally, Avion Wealth increased its position in shares of Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

About Vertiv

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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