Vertiv (NYSE:VRT) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has raised its price target for Vertiv (NYSE:VRT) from $135.00 to $173.00, indicating a potential upside of 18.59% from the company's previous close.
• The stock currently holds a consensus rating of "Moderate Buy" with 3 analysts rating it as hold, 18 as buy, and 2 as strong buy.
• Vertiv reported $0.95 EPS for the last quarter, exceeding estimates, with revenue growth of 35.1% year-over-year, totaling $2.64 billion.

Vertiv (NYSE:VRT - Get Free Report) had its target price upped by analysts at UBS Group from $135.00 to $173.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 22.12% from the stock's current price.

A number of other equities analysts have also issued reports on VRT. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Citigroup increased their price objective on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Finally, Royal Bank Of Canada upped their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $3.94 during trading on Thursday, hitting $141.66. 10,314,280 shares of the company traded hands, compared to its average volume of 9,538,748. The stock has a market capitalization of $53.99 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.34 and a beta of 1.75. The business's fifty day moving average is $121.71 and its 200-day moving average is $104.78. Vertiv has a one year low of $53.60 and a one year high of $155.84. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a return on equity of 56.24% and a net margin of 8.93%. The business's revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. As a group, equities analysts predict that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the 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 completion of the sale, the insider owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Hedge funds have recently modified their holdings of the business. Avion Wealth lifted its holdings in shares of Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company's stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Vertiv in the second quarter valued at $32,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Vertiv by 780.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 234 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Vertiv in the second quarter valued at $37,000. Finally, Garde Capital Inc. lifted its holdings in shares of Vertiv by 1,886.7% in the second quarter. Garde Capital Inc. now owns 298 shares of the company's stock valued at $38,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.